SEC chair’s crypto oversight strategy in question as ecosystems collapse By Cointelegraph

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SEC chair’s crypto oversight strategy in question as ecosystems collapse

While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager, and (LUNA).

Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC) for the crypto ecosystem.