Democrats Blast SEC Over Crypto Retreat, Justin Sun’s Alleged China Ties
Democratic lawmakers have criticized the U.S. Securities and Exchange Commission (SEC) for its recent regulatory actions against cryptocurrency, arguing that the agency's approach is hindering innovation in the sector. The criticism intensified following allegations linking crypto entrepreneur Justin Sun to the Chinese government, raising concerns about foreign influence in the U.S. crypto market. Lawmakers are urging the SEC to adopt a more balanced regulatory framework that supports growth while ensuring consumer protection. The ongoing debate highlights the tension between regulatory oversight and fostering innovation in the rapidly evolving cryptocurrency landscape.
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