SEC's attempt to "stifle cryptocurrency" is a serious overreach.

Ritu13

Binance.US interim CEO Norman Reed has published an article pointing out flaws in the U.S. SEC's regulation of digital assets, describing attempts to "stifle cryptocurrencies" as a severe overreach. The article states that the SEC is attempting to seize jurisdiction over digital assets without congressional or judicial authorization. Instead of collaborating with the U.S. Congress and its sister agencies to develop a comprehensive regulatory plan through cost-benefit analysis and public opinion after passing rules, the SEC is marking its jurisdiction through individual enforcement actions. Reed believes that there are remedies for the SEC's abuse of power rooted in the constitution, adhering to fairness and common sense. However, these remedies require time, effort, and respect for the rule of law to be implemented.

Yamini003

This method is great if you handle it well.

Kahn332

This is also something to pay attention to.

Indra55

This behavior is acceptable, right?

Iti9

Still, overstepping authority is not permissible.