The US Securities and Exchange Commission (SEC) is criticized for applying double standards when regulating digital assets. Under Chair Gary Gensler, the SEC's classification of various altcoins as securities has been called into question, leading to significant industry confusion.

Some critics have stated that it is not proper for the SEC to take such an action because they are seen as politically influenced instead of following the law of the land. The head of the American fintech company Ripple, Brad Garlinghouse, recently mentioned this problem in his Twitter post.

He used the document from the ongoing SEC lawsuit against Binance, the biggest crypto exchange, to confirm the regulator's hypocrisy. Garlinghouse said, Chair Gensler says the rules are obvious, but his SEC cannot comprehend them and uses them unpredictably, thus creating more industry turmoil. Meanwhile, the same ten digital assets were still implicated in the Coinbase suit, strengthening claims that the SEC's regulatory approach is haphazard.

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