crypto-focused companies is a form of damage control by the SEC. He believes that the SEC allowed certain crypto-focused companies to go public, and now is trying to cover up its earlier mistakes. He also stated that the SEC had “cozy” ties with FTX, which imploded last year.
SEC to Continue Enforcement Actions
The SEC has made it clear that it will continue to take action against the digital asset industry. This includes targeting exchanges, custodial services, and staking services. The regulator has also warned investors to be wary of companies claiming to offer cryptocurrency-related products and services.
The SEC’s recent enforcement actions against crypto-focused firms have been met with criticism from billionaire investor Chamath Palihapitiya. He claims that the action is an attempt by the SEC to cover up its previous mistakes. The SEC will continue to target exchanges,
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