{"id":543778,"date":"2023-01-26T08:28:32","date_gmt":"2023-01-26T05:28:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-industry-leaders-scared-of-a-strong-sec-senator-warren\/"},"modified":"2023-01-26T08:28:32","modified_gmt":"2023-01-26T05:28:32","slug":"crypto-industry-leaders-scared-of-a-strong-sec-senator-warren","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-industry-leaders-scared-of-a-strong-sec-senator-warren\/","title":{"rendered":"# Crypto industry leaders \u2018scared of a strong SEC\u2019 \u2014 Senator Warren"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23d6e8e36ed\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23d6e8e36ed\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-industry-leaders-scared-of-a-strong-sec-senator-warren\/#%E2%80%9D_Crypto_industry_leaders_%E2%80%98scared_of_a_strong_SEC_%E2%80%94_Senator_Warren_%E2%80%9C\" >&#8221; Crypto industry leaders \u2018scared of a strong SEC\u2019 \u2014 Senator Warren &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_industry_leaders_%E2%80%98scared_of_a_strong_SEC_%E2%80%94_Senator_Warren_%E2%80%9C\"><\/span>&#8221; Crypto industry leaders \u2018scared of a strong SEC\u2019 \u2014 Senator Warren &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>United States Senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to \u201cdouble down\u201d on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running \u201cscared\u201d for what\u2019s to come next.<\/p>\n<p>Warren\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=3OnR2qHvmVA\">comments<\/a> came from an interview with American Economic Liberties Projects on Jan. 25.<\/p>\n<p>The Senator opined that since Gensler was sworn in as SEC Chairman in April, 2021, the Commission \u201chas made a good start\u201d on fixing some of the problems created by the former SEC leaders under the Trump Administration. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/b3a179da-4d05-4f22-be76-f76d9a4b6f8f.jpg\"><figcaption style=\"text-align: center;\"><em>Senator Elizabeth Warren wants Congress to deploy more authorities and resources to help the SEC crackdown on the cryptocurrency industry participants. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/warren-us-government-needs-confront-crypto-threats-head-on-2021-06-09\/\"><em>Reuters.<\/em><\/a><\/figcaption><\/figure>\n<p>Warren claimed that the previous SEC administration \u201cessentially gave the green light\u201d to open up a cryptocurrency market \u201cfull of junk tokens, unregistered securities, rug pulls, ponzi schemes, pump and dumps, money launderings and sanctions evasions.\u201d<\/p>\n<p>But that\u2019s now being cleaned up under Gensler\u2019s leadership, which has industry leaders scared, said Warren:<\/p>\n<blockquote><p>\u201cIt <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that the Commission is still ramping up. That is why the industry is scared of a strong SEC, and that\u2019s why it is spending millions of dollars each year lobbying to escape SEC oversight.\u201d<\/p><\/blockquote>\n<p>The crypto skeptic senator also pointed the finger at crypto lending companies, celebrity promoters and inside traders who have allegedly misled or deceived retail investors.<\/p>\n<p>But Warren didn\u2019t stop there.<\/p>\n<p>The Massachusetts representative said the SEC needs to \u201cuse the full force of its regulatory powers\u201d in order to \u201creign in the frauds inflicted on American consumers.\u201d<\/p>\n<blockquote><p>\u201cThe SEC should double down and use its tools to enforce the rules, and where the SEC needs more cops on the beat, then Congress needs to step up with the resources and the new authorities that are needed to ensure the SEC can do its work at full strength in every corner of the crypto market.\u201d<\/p><\/blockquote>\n<p>The Senator also called on U.S. regulators in the banking and environment sectors to impose more accountability measures against some of the bigger players in the cryptocurrency industry.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1:30PM: We&#8217;ll kick off an event with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RealBankReform?ref_src=twsrc%5Etfw\">@RealBankReform<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SenWarren?ref_src=twsrc%5Etfw\">@SenWarren<\/a> to examine the rise and fall of the crypto industry &#8212; and what it means for policymakers. <\/p>\n<p>RSVP here. You won&#8217;t want to miss it.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nj8xsJbPur\">https:\/\/t.co\/nj8xsJbPur<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/A1saROKeZU\">pic.twitter.com\/A1saROKeZU<\/a><\/p>\n<p>\u2014 American Economic Liberties Project (@econliberties) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/econliberties\/status\/1618285190236758016?ref_src=twsrc%5Etfw\">January 25, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cThe Commission has been loud and clear that crypto doesn\u2019t get a pass for longstanding security laws that protect investors and ensure the integrity of our financial markets,\u201d she added.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Congress may be \u2018ungovernable,\u2019 but US could see crypto legislation in 2023<\/em><\/strong><\/p>\n<p>However, not all U.S. senators appear to have put Gensler\u2019s SEC on the same pedestal.<\/p>\n<p>New York Senator Ritchie Torres asked the U.S. Government Accountability Office on Dec. 6 to conduct an investigation into the SEC\u2019s failure to examine and expose FTX\u2019s alleged fraud months before the cryptocurrency exchange collapsed:<\/p>\n<blockquote><p>\u201cOne cannot have it both ways, asserting authority while avoiding accountability.\u201d<\/p><\/blockquote>\n<p>Shortly after on Dec. 10, Minnesota Senator Tom Emmer slammed the SEC and Gensler for his flawed \u201ccrypto information-gathering efforts\u201d following the FTX meltdownand that he should have to explain the cost of his \u201cregulatory failures\u201d to Congress.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-industry-leaders-scared-of-a-strong-sec-senator-warren\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto industry leaders \u2018scared of a strong SEC\u2019 \u2014 Senator Warren &#8220; United States Senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to \u201cdouble down\u201d on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running \u201cscared\u201d for what\u2019s to come next. Warren\u2019s comments came from an interview with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":543779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/59ee8412-8d51-4939-80ab-a78586987004.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,135234,75321,74898,74892,75269,117,52214,4941,33897,70934,70289],"class_list":["post-543778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-ftx","tag-ponzi-scheme","tag-sec","tag-tokens","tag-us-government","tag-business","tag-congress","tag-donald-trump","tag-money-laundering","tag-regulation","tag-senate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=543778"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543779"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}