Sen. Cynthia Lummis lambasts SEC over enforcement actions against Coinbase
Senator Cynthia Lummis has expressed her opinion on the recent enforcement actions by the Securities and Exchange Commission (SEC) against Coinbase. According to her, the exchange’s compliance efforts with regulations should have been acknowledged by the regulator. She further stated that the SEC’s actions go against America’s business ethics. Sen. Lummis calls for amenable regulations During a recent interview with Yahoo Finance, Wyoming Senator Cynthia Lummis expressed her confusion regarding the SEC’s actions against Coinbase. She stated, “I’m scratching my head about why they would do that with Coinbase.” Senator Cynthia Lummis commented on the SEC’s recent actions against Coinbase, stating that the exchange had tried cooperating with regulators. However, despite repeated requests for guidance on compliance by the exchange and other industry players, the SEC failed to provide adequate responses and instead took the...