Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

United States Senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next.

Warren’s comments came from an interview with American Economic Liberties Projects on Jan. 25.

The Senator opined that since Gensler was sworn in as SEC Chairman in April, 2021, the Commission “has made a good start” on fixing some of the problems created by the former SEC leaders under the Trump Administration.

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Senator Elizabeth Warren wants Congress to deploy more authorities and resources to help the SEC crackdown on the cryptocurrency industry participants. Source: Reuters.

Warren claimed that the previous SEC administration “essentially gave the green light” to open up a cryptocurrency market

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