Crypto Firms Frustrated with SEC and Lack of Clarity on Rules

Crypto companies are frustrated with the lack of clear regulations from the US government and the Securities and Exchange Commission's (SEC) aggressive actions against digital currency firms. The SEC has stepped up enforcement action against companies since the collapse of crypto exchange FTX last year. The SEC is currently in legal disputes with a number of other companies including Ripple, Genesis, and Gemini. Many in the crypto industry feel that applying existing regulations to the crypto industry is not the right path to take. Executives have warned that the lack of clear regulation in the US could see it fall behind other countries and jurisdictions.