Why two top San Francisco SEC veterans disagree on crypto | San Francisco News | sfexaminer.com

They were the Securities and Exchange Commission duo who took down a major Silicon Valley scam at the dawn of the web revolution, and now they’re duking it out over cryptocurrency.

Marc Fagel, the SEC’s former San Francisco regional director, and Michael Dicke, once Fagel’s No. 2 who served as associate director, led the team that exposed the stock options backdating scandal that snagged tech giants including Apple nearly 20 years ago.

Fast forward two decades: Fagel and Dicke, who are no longer with the SEC, are on opposite sides of a raging debate over a new and controversial technology that their former agency is wrestling with.

Source: Why two top San Francisco SEC veterans disagree on crypto | San Francisco News | sfexaminer.com