Altcoins News

Story: Warren Slams SEC Over Trump Crypto Crackdown

By Dan Saada

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Gensler Under Fire. Warren pressed Gensler for specifics about how the SEC decides which firms to investigate.

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Industry Pushback Grows. On March 15, the SEC announced fresh audits targeting crypto exchanges with political figure…

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Senator Elizabeth Warren went after SEC Chair Gary Gensler hard during Thursday's heated Senate hearing.

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The Massachusetts Democrat pointed to several companies that got hit with investigations after their connections to the former president became public.

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Warren pressed Gensler for specifics about how the SEC decides which firms to investigate. He kept repeating the same line about unbiased enforcement but wouldn't give details…

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Industry insiders are watching this whole mess unfold with growing concern. The fear of political bias in enforcement could scare off investors who are already nervous about…

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The Trump-linked companies stayed quiet. Requests for comment went nowhere.

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Senator Ted Cruz jumped into the fray, backing Warren's concerns from a different angle. The Texas Republican, who's been pushing crypto-friendly policies, called out what he…

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On March 15, the SEC announced fresh audits targeting crypto exchanges with political figure connections. The timing raised eyebrows across the industry.

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House Financial Services Committee Chair Patrick McHenry plans hearings next month to dig into whether the SEC's recent activities match what Congress intended.

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Ripple Labs CEO Brad Garlinghouse weighed in on March 28, warning that the SEC's methods could create fear and uncertainty that kills innovation.

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The Blockchain Association called for a comprehensive review of the agency's recent actions.

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A coalition of major crypto firms, including Coinbase and Binance, plans to file an amicus brief on April 5 supporting the companies under investigation.

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The debate caught international attention too. Financial Action Task Force President Marcus Pleyer said his organization will monitor the situation closely since outcomes could…

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Warren hinted at potential legislative action to ensure fair treatment across the crypto industry.

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