Commissioner Crenshaw Publicly Attacks SEC Over Coinbase Suit | Airdrop Alert Pro

SEC Commissioner Caroline Crenshaw broke the precedent today, a stern letter directed at the committee’s pro-Crypto turn. She accused it of deliberately ignoring the law to promote the interests of the cryptocurrency industry.

The trigger for this outbreak was the SEC’s decision to abandon its lawsuit against Coinbase. Crenshaw’s tenure won’t end until June, and if she could sit down, she could be a very voice critic.

Crenshaw explodes SEC on Coinbase

SEC is One of the top financial regulators in the United Statestrouble is brewing behind the scenes. Last December, Industry efforts to lobby The term of office of Caroline Crenshaw, an opposition to anti-Criputo Commissioner, ended.

Crenshaw’s Renomination efforts failed Due to this pressure, she was still in SEC until June. Apparently, she has hardly lost now.

A splash of rot letter Crenshaw posted on the SEC’s own website, criticizing the committee’s entire career dominance direction. reason? SEC Give up lawsuit against Coinbase back Sending a signal will do thisthis is obviously a bridge.

Crenshaw claims that the move publicly overlooked 80 years of legal precedent to give preferential treatment to the industry:

“Today’s action undermines the credibility of our law enforcement. It creates the ghost that the agency will deploy its law enforcement resources with people who are electoral cycles or favorable means. This has drawn criticism that our agency is politicized and has no trust in the government. The job of our agency is to do the right thing. It’s not like that,” she said.

This criticism is particularly noteworthy, as Crenshaw remains a commissioner, which was conducted on the SEC’s website. For example, to Farewell letter Professional specialist for Front chair Gary Gensler.

They praised his “wide service”, “zealous advocacy” and his personal friendship. In other words, the internal disputes within the SEC are by no means public.

Obviously, Crenshaw believes that the SEC’s pro-confederation transition is a serious mistake. Additionally, she mentioned the industry’s desire for “regulatory clarity” and questioned whether it was sincere.

This may be a reference for Hester Peirce’s crypto task force host “Spring sprint towards cryptocurrency clarity” Discussion with industry representatives.

To be fair, Crenshaw may have good reason to worry about the future of the SEC. The committee has been ending a series of crypto enforcement actions, and some of Gensler’s old targets have been Thanks for the policy change.

But, others Public revenge toward the Commission and hope to take decisive action to prevent future law enforcement.

Ultimately, the Coinbase lawsuit is just the beginning. Several cases SEC V Ripple Still active, Crenshaw’s term can expire after a critical deadline.