A friendlier SEC isn’t enough to sustain crypto innovation in the US

Crypto advocacy group Coin Center has hinted that crypto innovation may still be under threat despite an upcoming crypto-friendly Securities and Exchange Commission (SEC). According to the non-profit group, while Trump’s rise to the presidency could be positive for the crypto industry, several ongoing cases could discourage investors and developers.

In its recent blog post, Coin Center delved into the United States’ policies towards the crypto market. The group’s director of research, Van Valkenburgh, highlighted three threats to the crypto industry in the United States. Valkenburgh noted that if these threats are left unchecked, it could prove costly for users and developers in the industry.

Coin Center Highlights Threats to the Crypto Industry

Van Valkenburgh explained that the threats can generally be classified into surveillance issues, which fall under tax reporting and anti-money laundering (AML) policy. He highlighted cases involving the Tornado Cash crypto mixer and the Samourai Bitcoin wallet as other examples.