When federal regulators seriously overreach, the other two branches of government have the duty to hold them in check. That’s the way the Founding Fathers intended our system to work.
The Securities and Exchange Commission (SEC) is the latest regulator that has gone way past the mark by waging a war on cryptocurrency technology. The Agency has filed an avalanche of enforcement actions and warnings against companies big and small in the crypto space, claiming they are selling securities that should have been registered like stock offerings. It’s time that Congress fulfil their constitutional duty and rein in the SEC.
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