Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

2025-05-21

US Senate promotes genius law in the midst of dual support

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Democrat lawmaker slams SEC’s ‘blatant abuse of power’ over crypto enforcement
Democrat lawmaker blasts SEC’s ‘blatant abuse of power’ over crypto enforcement
Regulation

Democrat lawmaker slams SEC’s ‘blatant abuse of power’ over crypto enforcement

2024-08-29No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Congressman Wiley Nickel (D-NC) has strongly criticized the U.S. Securities and Exchange Commission (SEC), accusing the agency of undermining confidence in the regulatory system due to its “regulation by enforcement” approach.

In a recent social media post, Nickel called the SEC’s approach a “blatant abuse of power” that threatens to stifle digital innovation in the US. The congressman is an outspoken supporter of crypto and has consistently pushed for a regulatory framework for the industry to ensure customer protection.

His comments come amid news that the SEC has issued a Wells Notice to OpenSea for alleged violations of securities regulations. This has led to growing concerns in the crypto industry over the watchdog’s handling of regulations regarding digital assets.

Widespread uncertainty

The congressman warned that the SEC’s aggressive enforcement strategy is creating widespread uncertainty, which could derail the progress of emerging technologies, especially in the Web3 and digital asset sectors.

According to Nickel:

“The SEC should choose to work with Congress to create clear, fair regulations through a collaborative and transparent process that includes public input.”

He emphasized that only through such cooperation can a balanced regulatory framework be developed – one that protects consumers and supports, rather than hinders, continued innovation in digital technologies.

Nickel’s statements have resonated with others in the crypto community, many of whom have long criticized the SEC’s enforcement approach.

Calls for cooperation

Lawmakers’ call for a more collaborative regulatory process reflects a broader debate in Washington about how to effectively regulate the rapidly evolving digital assets space without stifling innovation.

The SEC has recently faced backlash for its enforcement actions against major players in the crypto industry, including reported plans to take enforcement action against NFT marketplace OpenSea.

See also  Ex-Chinese Vice Minister Urges China to Assess Cryptocurrencies After US Bitcoin Pivot: Report

Many critics argue that the SEC is exceeding its legal authority by treating digital assets, including cryptocurrencies and NFTs, as securities without clear regulatory support. They believe that the SEC is expanding its jurisdiction beyond what was originally intended by existing securities laws.

Some further argue that by focusing on enforcement rather than cooperation, the SEC is actually undermining its own goal of protecting consumers. They argue that a more cooperative approach with industry would lead to better, more effective regulation that protects consumers without hindering progress.

Mentioned in this article
Latest Alpha Market report

Source link

abuse blatant Crypto Democrat Enforcement Lawmaker power SECs Slams
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US Senate promotes genius law in the midst of dual support

2025-05-21

Huiscommissie Press JPMorgan Chase, Bank of America to give Major Hong Kong Deal

2025-05-21

Robinhood calls on SEC to set up a uniform regulation framework for Tokenized Rwas

2025-05-20

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Ethereum – Prize dives deeper – is a rebound possible?

2025-02-27

Shardeum Layer 1 confirms that it will be launched on 5 May after several delays

2025-04-18

SEC is fishing for publicity and political impact with Crypto Agenda, Republican representatives say

2023-07-19
Editors Picks

Vanar has partnered with the Pakistan Blockchain Institute to drive AI and IoT innovation

2024-10-21

Snoop Dogg’s Bored Ape NFT Inspires New Skechers Line

2023-08-23

Blockticity Mints Hemp and Cannabis Certifications on Avalanche

2023-10-08

Gala Games Shifts NFTs to GalaChain; Partners with Elixir Games

2023-08-08
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

US Senate promotes genius law in the midst of dual support

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,183.410.76%
  • ethereumEthereum(ETH)$2,520.87-0.59%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.34-0.53%
  • binancecoinBNB(BNB)$650.830.41%
  • solanaSolana(SOL)$167.81-0.02%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2253481.40%
  • cardanoCardano(ADA)$0.751.73%
  • tronTRON(TRX)$0.270205-1.12%
  • suiSui(SUI)$3.82-1.17%
  • chainlinkChainlink(LINK)$15.65-1.57%
  • avalanche-2Avalanche(AVAX)$22.460.55%
  • stellarStellar(XLM)$0.2875291.29%
  • hyperliquidHyperliquid(HYPE)$26.38-0.22%
  • shiba-inuShiba Inu(SHIB)$0.0000140.24%
  • hedera-hashgraphHedera(HBAR)$0.1949610.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.13%
  • bitcoin-cashBitcoin Cash(BCH)$395.881.41%
  • the-open-networkToncoin(TON)$3.04-0.39%
  • polkadotPolkadot(DOT)$4.641.15%
  • litecoinLitecoin(LTC)$94.981.62%
  • moneroMonero(XMR)$361.763.13%
  • bitget-tokenBitget Token(BGB)$5.13-0.63%
  • piPi(PI)$0.796.85%
  • pepePepe(PEPE)$0.0000133.02%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.184.28%
  • aaveAave(AAVE)$254.01-4.23%
  • bittensorBittensor(TAO)$414.32-1.50%
  • nearNEAR Protocol(NEAR)$2.76-0.70%
  • aptosAptos(APT)$5.12-0.52%
  • okbOKB(OKB)$51.90-0.40%
  • ondo-financeOndo(ONDO)$0.93-0.99%
  • kaspaKaspa(KAS)$0.109948-1.66%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.209.77%
  • ethereum-classicEthereum Classic(ETC)$18.400.44%
  • internet-computerInternet Computer(ICP)$5.220.05%
  • gatechain-tokenGateToken(GT)$21.520.52%
  • crypto-com-chainCronos(CRO)$0.096276-0.32%
  • mantleMantle(MNT)$0.740.37%
  • vechainVeChain(VET)$0.0282321.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229953-1.49%
  • render-tokenRender(RENDER)$4.61-0.44%
  • ethenaEthena(ENA)$0.3785581.15%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • algorandAlgorand(ALGO)$0.2241661.04%
  • arbitrumArbitrum(ARB)$0.393860-0.13%
  • cosmosCosmos(ATOM)$4.882.13%
  • bitcoinBitcoin(BTC)$106,183.410.76%
  • ethereumEthereum(ETH)$2,520.87-0.59%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.34-0.53%
  • binancecoinBNB(BNB)$650.830.41%
  • solanaSolana(SOL)$167.81-0.02%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2253481.40%
  • cardanoCardano(ADA)$0.751.73%
  • tronTRON(TRX)$0.270205-1.12%
  • suiSui(SUI)$3.82-1.17%
  • chainlinkChainlink(LINK)$15.65-1.57%
  • avalanche-2Avalanche(AVAX)$22.460.55%
  • stellarStellar(XLM)$0.2875291.29%
  • hyperliquidHyperliquid(HYPE)$26.38-0.22%
  • shiba-inuShiba Inu(SHIB)$0.0000140.24%
  • hedera-hashgraphHedera(HBAR)$0.1949610.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.13%
  • bitcoin-cashBitcoin Cash(BCH)$395.881.41%
  • the-open-networkToncoin(TON)$3.04-0.39%
  • polkadotPolkadot(DOT)$4.641.15%
  • litecoinLitecoin(LTC)$94.981.62%
  • moneroMonero(XMR)$361.763.13%
  • bitget-tokenBitget Token(BGB)$5.13-0.63%
  • piPi(PI)$0.796.85%
  • pepePepe(PEPE)$0.0000133.02%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.184.28%
  • aaveAave(AAVE)$254.01-4.23%
  • bittensorBittensor(TAO)$414.32-1.50%
  • nearNEAR Protocol(NEAR)$2.76-0.70%
  • aptosAptos(APT)$5.12-0.52%
  • okbOKB(OKB)$51.90-0.40%
  • ondo-financeOndo(ONDO)$0.93-0.99%
  • kaspaKaspa(KAS)$0.109948-1.66%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.209.77%
  • ethereum-classicEthereum Classic(ETC)$18.400.44%
  • internet-computerInternet Computer(ICP)$5.220.05%
  • gatechain-tokenGateToken(GT)$21.520.52%
  • crypto-com-chainCronos(CRO)$0.096276-0.32%
  • mantleMantle(MNT)$0.740.37%
  • vechainVeChain(VET)$0.0282321.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229953-1.49%
  • render-tokenRender(RENDER)$4.61-0.44%
  • ethenaEthena(ENA)$0.3785581.15%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • algorandAlgorand(ALGO)$0.2241661.04%
  • arbitrumArbitrum(ARB)$0.393860-0.13%
  • cosmosCosmos(ATOM)$4.882.13%