The S.E.C.’s sweeping embrace of crypto, an industry with a long history of fraud and market turmoil, has entered a new stage. After dropping a series of enforcement lawsuits last year, the nation’s top financial regulator is now issuing guidance that could open the door for more crypto products and give the industry more flexibility as it lobbies Congress to pass legislation.
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From foe to ally: The S.E.C. is now writing crypto-friendly policies
The reason you’re seeing this degree of outreach and sympathy and kindness toward the industry is previously they were treated extremely unfairly.
