The reactions of company leaders to the SEC’s regulation by enforcement have ranged from surrender (Kraken), defiance (Coinbase), obfuscation (Binance) and bewilderment (everyone). Now the industry’s associations and policy experts are starting to weigh in.
“The recent flurry of activity is jarring, but it’s not a surprise and it doesn’t spell doom for crypto in the USA,” said Jake Chervinsky, Chief Policy Officer of the Blockchain Association in a Feb. 14 twitter thread. “Far from it: we have champions in key roles across government, and our industry is strong and ready to fight.”
Chervinsky called 2022 “the worst year in crypto history from a policy perspective, by far,” and perhaps “the worst year in DC for any industry in recent memory.”
Source: Blockchain Association wants crypto to fight regulators through Congress and the courts | Kitco News