Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement


Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.”

Lawmakers Oppose SEC’s Crypto Enforcement Focus

A number of lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) slammed the securities watchdog Tuesday for focusing on crypto enforcement. This followed the SEC’s announcement that the agency nearly doubled the size of its crypto enforcement unit.

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SEC commissioner Hester Peirce, also known in the crypto community as “crypto mom” for her pro-crypto stance, commented on Twitter:

The SEC is a regulatory agency with an enforcement division, not an enforcement agency. Why are we

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