According to PANews, Ryan Selkis, the CEO and co-founder of Messari, has made a statement on platform X, announcing that he will no longer engage with the U.S. Securities and Exchange Commission (SEC) in any official or unofficial capacity until the SEC undergoes reform and changes its leadership. Messari now views the SEC as an adversarial competitor and an unnecessary federal regulator.
Messari criticized the SEC's approach to crypto regulation as ineffective, and labeled SEC Chairman Gary Gensler as not only incompetent but also corrupt. This statement is a draft and will soon be revised, then shared directly with SEC commissioners, congressional representatives, and senators. The firm's decision marks a significant shift in its relationship with the regulatory body, reflecting growing tensions between the crypto industry and federal regulators.