According to a popular pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has cost retail investors over $15 billion in losses.
According to a prominent pro-crypto attorney and Senate candidate, the Securities and Exchange Commission’s (SEC) excessive intervention in the cryptocurrency industry has resulted in retail investors losing over $15 billion.
The US securities regulator has often been criticized for its enforcement-heavy regulatory regime over the cryptocurrency industry.
The SEC should be held accountable for its actions, as its “gross overreach” cost investors $15 billion, according to John Deaton, lawyer and Republican US Senate candidate.
