SEC Is ‘Asleep at the Wheel,’ Rep. Davidson of Ohio Says

Quick Summary

Warren Davidson (R-Ohio) says the agency is "not getting the job done,” and it's up to Congress to "craft a policy” that makes it clear who is in charge of regulating specific areas of crypto.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

While she said that “it's important to bring enforcement actions when there’s fraud,” and such cases fall within the agency’s jurisdiction, she also said that “there really is a better approach” to crypto regulation and that depends on what Congress decides and which government agency is granted that authority.

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News Analysis

Author / Journalist: Fran Velasquez

Category: Technology Crypto

Topics: SEC Hester Peirce Regulation CFTC CoinDesk TV Warren Davidson

Source Website Secure: Yes (HTTPS)

Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

News Source URL: coindesk.com

Readership Location: United States

Published Date: 2023-01-24, 19:05:07

News Timezone: GMT -5:00

Language: English

Original Article Length: 818 words

Reading Duration: 5 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 3134269

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About Publisher

Name: CoinDesk

Main Topics: TechnologyCrypto

Official Website: coindesk.com

Update Frequency: 22 posts per day

Last Update: 8h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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