For years, the U.S. Securities and Exchange Commission (SEC), under its former Chair Gary Gensler, waged what many still call a War on Crypto, marked by arbitrary enforcement, retroactive reinterpretation of laws, and regulatory uncertainty that is pushing innovation offshore.
In 2024 alone, the SEC brought over two dozen crypto-related enforcement actions — a record pace that outstripped prior years and rattled markets worth more than $2 trillion globally.
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