SEC Showdown: Gary Gensler Defends Crypto Policy While Commissioner Mark Uyeda Calls It 'Disaster' For Assets Like Bitcoin, Ethereum, Dogecoin
Portfolio Pulse from Aniket Verma
The SEC is facing internal discord over its cryptocurrency policy, with Commissioner Mark Uyeda criticizing it as a 'disaster' for assets like Bitcoin, Ethereum, and Dogecoin. Despite criticism, Chairman Gary Gensler remains firm on the policy, which has led to lawsuits against major crypto firms like Crypto.com.
October 11, 2024 | 9:08 am
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Coinbase, a major cryptocurrency exchange, is indirectly affected by the SEC's stringent crypto policies, which have led to lawsuits against similar firms.
The SEC's aggressive stance on cryptocurrency regulation, as highlighted by Commissioner Uyeda's criticism, suggests potential legal challenges for major exchanges like Coinbase. This could negatively impact Coinbase's operations and stock price.
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