Sorry crypto world, but SEC isn’t backing down on ‘regulation by enforcement’
By Alison Frankel (Reuters) – For as long as I’ve been covering U.S. Securities and Exchange Commission litigation against crypto targets, the industry has harshly criticized the commission for bringing one-at-a-time enforcement actions as a way to set crypto regulatory policy, instead of engaging in formal rulemaking or waiting for Congress to pass legislation that clarifies when U.S.