SEC officials say the encryption industry targeting an agency in “Italian revenge” for persecution during the Biden era: Report
It is said that the cryptocurrency industry targets the American Securities and Stock Exchange Committee (SEC), while the informed calls “Italian revenge” on its excessive aggressive regulations during the Biden administration.
According to a new political report, the big names in the encryption industry such as Ripple, Coinbase and Gemini are now taking action against SEC Officials Revenge is the alleged agency’s mistakes in the past.
Politico stated that a former employee of the Securities and Stock Exchange – who “gave not to disclose his identity due to the fears of revenge on the industry” – said that they witnessed a decline in a law firm to move forward in an individual interview in the Supreme Education Council because of the company’s work in encryption, and in another case, the former employee, a law firm that withdrew a total offer for the same reason.
In response to Politico, Coinbase Paul Garioal legal officials said,
“People have the right to earn a living. They have the right to take their talents wherever they want to take them … but we also have the right to determine who we will work with.”
William Meklockas, a former SEC director, says the encryption industry attacks on SEC employees,
“You punish the people who were mainly playing their jobs.
If they want the railway around the previous committee and its leadership, it will continue.
But the lawyers replied and say: “We want their names there, we want to call them their description.” – I have not seen anything like it. “
An unknown industry official said in the attacks, “
“Where is Goddamn outside the slope? I got the Gary Ginsler scalp. There are not many other people you can then.
It is Italian revenge, and I don’t know what to do. Because in most revenge, no one really wins. Everyone continues death. “
The reaction comes when the Supreme Council for Republican Education begins in contrast to the enforcement procedures that started under the leadership of former President Gary Ginsner. Critics argue that his approach to “organizing implementation” has hindered innovation in the encryption space.
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