🇺🇸 Senate candidate promises to hold SEC accountable
⏺"The SEC's overreach regarding cryptocurrencies has led to losses of $15 billion for small investors."
➡️ This statement was made during the primaries by U.S. Senate candidate from Massachusetts, Republican John Deaton, who promised to hold the SEC accountable for its actions.
➡️ The intensification of SEC's regulatory efforts has been marked by a sharp increase in enforcement actions against the crypto industry.
🏴☠️ As of early September, the SEC has imposed nearly $4.7 billion in fines and penalties since the start of the year, a 3000% increase compared to the same period last year.
