U.S. SEC Commissioner Releases "Crypto 2.0: Regulatory Spur": Coinbase Enforcement Actions Damage Regulatory Credibility

Odaily Planet Daily News: Caroline A. Crenshaw, Commissioner of the U.S. Securities and Exchange Commission, released "Crypto 2.0: Regulatory Whiplash", which pointed out that the enforcement action against Coinbase damaged the credibility of the U.S. Securities and Exchange Commission's enforcement department, making people mistakenly believe that the law enforcement department will deploy enforcement resources based on election cycles or in a way that benefits those rich people, which has attracted criticism and sowed the seeds of distrust in the government. The U.S. Securities and Exchange Commission's responsibility is to do the right thing for investors, issuers, and capital markets.