Former Commodity Futures Trade Commission Chairman Chris Giancarlo argues that the SEC shares some of its responsibility for Memecoin’s control in the current market cycle.
In the past year of memocoin’s domination in crypto, important questions have arisen.
While discussions have long focused on the potential for high pay in the sector, disillusionment with the promise of altcoin, and the appeal of worsening economic situations, the rising theory is also liable for regulators, particularly the Securities and Exchange Commission. suggests that you may bear the risk.
The latest defender of this view is former top market regulators.
Confusion of natural evolution of codes
Former Commodity Futures Trade Commission Chairman Chris Giancarlo argues that the SEC shares some of its responsibility for Memecoin’s control in the current market cycle.
Giancarlo shared this view while talking Recent Episodes Citation of agency and thought Crypto podcast A barrage of enforcement measures There is an altcoin in the center.
“They (SEC) attacked everything with the values associated with it. So they did the only thing you could do that Memecoin effectively created a valueless landscape.” He insisted.
Former top market regulators argued that the SEC’s so-called crypto regulations through enforcement campaigns that they denounced as “abuse of authority” slowed the natural evolution of the industry.
Giancarlo is not the only one who has recently expressed this view.
Coordination with Changpeng Zhao
Recently, when trying to explain why the market seems to be drawn to memo coins more than utility tokens, former Vinance CEO Changpeng “CZ” Zhao It also refers to SEC.
“For the past four years, strong regulators have sued almost everyone using utility tokens and falsely claimed that they were securities. So people have started launching memes.” He wrote.
The finger point these days is because there is a growing sense that the memocoin fad has gone out of control from dangerous promotional stunts. President raising ethical concerns About personal launches.
Still, conditions that appear to have nurtured this market environment may be set to improve soon, as the US regulatory environment appears to have made a pro-cryptoturn under President Donald Trump. Not there.
SEC, one Cryptographic Task Force has been launched Notify wise cryptographic regulations and clean up perceived regulatory disruptions created by previous administrations.
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