SEC Regulations Are Hampering Bitcoin's Growth: Grayscale CEO
Regulators in the US have undoubtedly been taking measures to protect cryptocurrency investors. Nonetheless, community members have raised quite a few red flags of late. When the Department of Justice initially revealed that it was going to “announce a major, international cryptocurrency enforcement action,” there were speculations, that something “huge” will be announced. However, that was not the case. The government taking action against lesser-known crypto exchange Bitzlato made community members furious. In fact, a few outrightly questioned if the latest action was meant to distract people from the fact that they did not suspect anything about FTX . Read More: Bitcoin, ‘Bitzlato’ and the DOJ: What Just Happened? Grayscale CEO slams SEC’s 1-D approach Leaving aside the community, even stalwarts from the space started voicing out their opinions regarding the same. In a letter to the WSJ, Grayscale executive Michael Sonnenshein slammed the SEC’s “one-dimensional approach