In a recent tweet, Armstrong criticized the SEC for pushing innovation offshore.
He noted that Caroline Crenshaw tried to block #bitcoin ETFs and was tougher on some issues than Gary Gensler.
Crenshaw's tactics are believed to overlap with those of Chairman Gary Gensler, and she has faced backlash from #cryptocurrency supporters.
the re-election debate has intensified calls for balanced oversight of #cryptocurrencies .
Crenshaw's backlash shows just how frustrated the crypto industry is with the SEC's tough stance. Brian Armstrong's concerns about the offshore flow of innovation reflect a broader concern that the U. S. is falling behind. The outcome of this re-election could determine whether the US makes room for crypto innovation or doubles down on enforcement.
Caroline Crenshaw has failed as SEC commissioner and should be removed.
She tried to block the Bitcoin #ETF and is worse than Gensler on some issues (though that seems unlikely).
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