PANews reported on July 7 that Ryan Selkis, CEO and co-founder of Messari, issued a statement on the X platform, saying that he would no longer engage with the U.S. SEC in any formal or informal capacity until the SEC reforms and changes its leadership. Messari now regards the agency as a hostile opponent, competitor, and redundant federal regulator. Messari pointed out that the SEC's approach to crypto regulation is ineffective and that SEC Chairman Gary Gensler is not only incompetent but also corrupt. This statement is a draft that will be revised soon and then shared directly with SEC commissioners, congressional representatives, and senators.
