In a move that symbolizes the tenure of SEC Chairman Gary Gensler, the Biden Securities and Exchange Commission (SEC) recently initiated a high-profile enforcement lawsuit against DRW, a prominent crypto trading firm. This spotlights Gensler's stubborn stance on applying traditional securities laws to the burgeoning field of digital assets, a sector that is still in its nascent stages of development and yet rapidly evolving. This “regulation by enforcement” approach is perceived by many in the crypto space as punitive and limiting, sparking the need for a more reasoned and collaborative regulatory regime in the new Trump administration.
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