Crypto has turned contentious in Washington. Whereas the White Home pushes for brand new guidelines, a partisan divide is rising in Congress over the best way to supervise, tax, and regulate the trade. On the nexus of the controversy sits the Securities and Alternate Fee.
Led by Chairman Gary Gensler, a Democrat appointed by President Joe Biden, the SEC has taken a get-tough strategy to the trade. However Gensler additionally faces opposition throughout the company—notably from fellow commissioner Hester Peirce.
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