The cryptocurrency industry is reportedly focusing on the US Securities and Exchange Commission (SEC) in what insiders call an “Italian Vendetta” for her overly aggressive regulations during the Biden administration.
According to a new polico report, big names in the Crypto industry such as Ripple, Coinbase and Gemini managers now action against SEC officials as revenge for the alleged misconduct of the Bureau of the past.
Polico reports that a former SEC employee – who “gave anonymity about concern about retribution of the industry” – said they had fallen a law firm to continue interviewing a person in the SEC because of the work of the company in Crypto, and in another case, the former employee said, a lawyer said for the same reason.
In response to Politico, Coinbase’s Chief Legal Officer Paul Grewal reportedly said,
“People have the right to earn a living. They have the right to take their talents wherever they want to take them … But we also have the right to decide who we will work with.”
William McLucas, a former enforcement director at the SEC, of the crypto -industry -attacks on sec personnel,
“You punish people who were actually doing their work.
If they want to find out about the earlier committee and its leadership, go ahead.
But choosing lawyers and say: “We want their names that exist, we want them to be labeled as pariahs” – I have never seen anything like that. ‘
Said an anonymous industrial officer of the attacks,
“Where is the damn driveway?
It is an Italian Vendetta and I don’t know what to do. Because nobody really wins in most Vendettas. Everyone keeps dying. “
The pushback comes when the sec guided by the Republicans starts with enforcement actions initiated under former chairman Gary Gensler. Critics claim that his “regulation through enforcement” approach impeded innovation in the crypto space.
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Generated image: midjourney