SEC: Punishing Progress While Rewarding Confusion - Roslyn Layton / Forbes

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The Securities and Exchange Commission (SEC) has trafficked in some high-visibility, low-value enforcements, like the overhyped fine against Kim Kardashian. Regulators sometimes use headline grabbing to send political messages and to demonstrates their value to stakeholders. The agency has been on an enforcement tear of late, eager to bash any and all crypto assets—even those which play by its rules. While SEC Chairman Gensler tells innovators to “come in and talk to us” to find out what the rules are, companies risk being hammered for doing something no one knew is wrong. Sadly, this egregious effort has deterred the innovations that investors want. Look at Grayscale, Ripple, Robinhood and Coinbase.

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https://www.forbes.com/sites/roslynlayton/2022/12/19/sec-punishing-progress-while-rewarding-confusion/