With the recent collapse of BlockFi and FTX, the regulation-by-enforcement approach of the U.S. Securities and Exchange Commission (SEC) when it comes to crypto has been called into question by industry representatives, policymakers, and crypto consumers alike. The SEC continues to elevate its own quest for power over sound policy.
On the heels of another crypto bankruptcy, did the self-proclaimed "top crypto cop" make things better or worse? Congress has the authority—and, more importantly, the responsibility to oversee the SEC.
