SEC Commissioner Warn Say If Regulation Weak, Crypto Market Fit Get More Problem Amidst Inside Policy Talk
SEC Commissioner Caroline Crenshaw, wey be di only PDP member for di agency, don criticize di recent changes wey SEC dey do for crypto regulation. She say na destabilizing shift, like say dem dey play risky game of 'regulatory Jenga'. Crenshaw point out say SEC dey quietly comot key regulatory safeguards without telling di public well-well, wey dey reduce enforcement and oversight for di time wey SEC staff don fall by almost 15% for four months. She raise concern say di agency dey use informal guidance for issues like memecoins and crypto mining, wey she believe dey weaken legal clarity and dey expose markets to new risks. Crenshaw warn say if dem abandon established regulatory procedures, e fit repeat past mistakes, especially as crypto and traditional finance dey intertwine more and more, she use FTX collapse as example. But SEC Chairman Paul Atkins, e dey advocate for more accommodating regulatory stance to ginger crypto innovation, e dey emphasize clear communication instead of aggressive enforcement. Di internal debate show say na big divide dey inside SEC between strict enforcement and market-friendly oversight as di agency dey draft new crypto rules. For crypto traders, dis regulatory uncertainties fit affect market stability, compliance, and sentiment, especially during periods of volatility.
Neutral
Di tori show say SEC get wahala for inside regarding how dem go regulate crypto. Commissioner Crenshaw warn say if dem no enforce law well and dem throw away security measures, e fit increase risk. But SEC Chairman Atkins talk say e go better make dem follow market friendly approach. Dis back and forth talk and say dem no sure about di regulation fit cause small market shakara and make traders no too sure. But as at now, dem no make any quick or final decision to either tighten or loosen di regulation. So, di effect be like neutral: di market fit see small up and down as people react to wetin dem hear about regulation, but dem no get clear idea if e go rise or fall until dem make real laws.