Hester Peirce of the Securities and Exchange Commission publicly rebuked her agency's crypto enforcement, calling it "paternalistic and lazy" and asking if a "hostile" regulator is the best solution for the industry. From a report: Peirce, who was appointed to her post as commissioner by President Donald Trump in 2018, wrote in a statement on Thursday that she disagreed with the SEC's assertion that the shutdown of crypto exchange Kraken's staking program was a "win for investors." The SEC action against Kraken, which was settled without an admission or denial of wrongdoing, alleged that the exchange engaged in the unregistered offer and sale of securities through its crypto lending platform.
Coinbase, don't feel left out. SEC has a lawsuit for You, Too