SEC’s Crenshaw says agency playing ‘regulatory Jenga’ with crypto

The SEC’s sole Democratic commissioner, Caroline Crenshaw, claims the regulator’s “about-face” on crypto undermines the agency’s credibility.

The US Securities and Exchange Commission’s sole Democratic Commissioner has said the agency is “playing a game of regulatory Jenga” with its approach to the crypto industry and market regulation under the Trump administration.

In May 19 remarks at the SEC Speaks event, Commissioner Caroline Crenshaw cautioned against what she described as a dangerous dismantling of “discrete but interrelated rules” on crypto and the wider market.

She likened market stability to a “Jenga tower” that the agency’s rules had “carefully developed over the years,” which could topple if some rules were removed.

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