By Roslyn Layton. January 31, 2022. (Forbes)
News broke Thursday that President Biden will issue a sweeping executive order tasking his Administration to develop a regulatory framework for digital assets as a matter of “national security.” This should have been welcome; cryptocurrency innovators have begged for a clear regulatory framework for the better part of a decade.
But the news sent a chill through the crypto space. After years of abuse of crypto investors and innovators, the credibility of the Securities and Exchange Commission (SEC) is in tatters.