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The Wall Street Journal’s editorial board blamed the SEC for its haphazard approach to controlling the cryptocurrency industry in an op-ed released on April 18.
According to the commision, the agency’s latest litigation against the shady ledger technology supplier Ripple is hurting investors: Participants in the $2 trillion blockchain industry in the United States are awaiting clarification, which the government has refused to offer, opting to disclose its positions by individual compliance measures. Although Ripple hopes that new SEC chairman Gary Gensler can add more transparency to the table, the board argues that his comments represent the agency’s current stance.
Earlier this month, Forbes also joined Ripple’s media blitz, accusing the SEC of potential conflicts of interest without any evidence.