Crypto industry players ramped up the heat towards regulators Tuesday afternoon at the annual Futures Industry Association conference for what they see as failing to provide an adequate regulatory framework for the novel asset class.
Over the past several weeks, regulators such as the Securities and Exchange Commission (SEC) unveiled a slew of enforcement actions against crypto companies in what many industry players view as an hostile attack on crypto and U.S. innovation, saidd Brian Quintenz, a former Commodities Futures Trading Commission (CFTC) commissioner and current head of policy at Andreessen Horowitz (a16z).
“The SEC is completely out of control. They’re going rogue,” Quintenz said.
Source: SEC Is ‘Completely Out Of Control,’ Says a16z Crypto’s Head of Policy