Is This 1 new Move by the SEC a new Tailwind for Cryptocurrency or a Headwind?
It's often difficult to make sense of regulatory actions and changes to the structure and size of regulatory units. According to a report by The New York Times published on Feb. 4, the Securities and Exchange Commission (SEC) will be reducing its 50-person cryptocurrency law-enforcement group in keeping with the preferred policies of the new presidential administration. For now, what's certain is that the SEC's exercise of oversight of the cryptocurrency sector is set to get even weaker than it was before.