Grayscale CEO warns of negative impact on US economy if SEC continues one-by-one approach to crypto regulation

08/13 03:15

Grayscale Investments CEO Michael Sonnenshein has warned that if the Securities and Exchange Commission (SEC) continues to regulate the cryptocurrency industry on a case-by-case basis, it could have a negative impact on the US economy. He believes that constant enforcement actions against the industry could drive crypto firms out of the country. However, Sonnenshein is optimistic about the ongoing developments in Congress to provide regulatory clarity for the industry. He also argues that the SEC should focus on ensuring all the right disclosures are put out there for investors, rather than picking winners and losers.

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