The US federal agencies - the SEC, DOJ, the Treasury Department - are intensifying their efforts against illegal cryptocurrency activities. However, an ensuing debate about regulatory clarity, calls for new regulations to distinguish between legitimate and illicit crypto assets.
The SEC also formally acknowledged applications from Bitwise, VanEck, WisdomTree, Fidelity and Invesco for similar spot bitcoin ETFs, with those proposals appearing on the Federal Register Tuesday and Wednesday.
The US securities market regulator has launched civil actions against two top crypto-coin traders. Todd Bubba Horwitz and David Tawil said SEC chairman Gary Gensler seemed to be pursuing a vendetta against the sector.