SEC Commissioner Releases Crypto 2.0: Regulatory Spurs: Enforcement Actions Against Coinbase Damage Regulatory Credibility
On February 28th, Caroline A. Crenshaw, the commissioner of the Securities Exchange Commission, released Crypto 2.0: Regulatory Whistle, which states that the enforcement action against Coinbase has damaged the credibility of the enforcement arm of the Securities Exchange Commission. It has led to criticism and sowed the seeds of distrust in the government. The Securities Exchange Commission's job is to do the right thing for investors, issuers and capital markets.