Stop the SEC! Group Launches Campaign to Protect Crypto Innovation

• An advocacy consumer group has formed to go against the Securities and Exchange Commission (SEC) and stop it from getting in the way of crypto innovation.
• The new campaign, dubbed „Stop the SEC,“ is looking to put a damper on the alleged influence the SEC has over crypto and other portions of the financial arena.
• Coinbase is launching its own program called Crypto 435 with a goal of ensuring pro-crypto policies exist in all the U.S.’s 435 congressional districts.

Group Formed to Stop SEC from Hurting Crypto

An advocacy consumer group has formed that’s designed to go after the Securities and Exchange Commission (SEC) and stop it from getting in the way of crypto innovation. The Digital Currency Trader’s Alliance (DCTA) is now featuring commercials for the group online and is calling for retail investors to speak with their state politicians about joining the battle.

SEC Facing Opposition

The SEC seems to be under the impression that it has right and authority to police entire crypto space. In past several weeks, it has gone after many of world’s leading digital currency platforms, a big one being Kraken which was forced to pay $30 million fee to SEC and cease all its ETH staking services. This campaign is dubbed „Stop The SEC“ which is looking to put a damper in alleged influence organization has over crypto and other portions of financial arena.

Coinbase Launching Crypto 435

It looks like DCTA isn’t only enterprise seeking make its mark on crypto world as Coinbase – largest digital trading platform in America – is launching own program called Crypto 435 with goal of ensuring pro-crypto policies exist in all US’s 435 congressional districts which comes after firm had hand giant penalty fee over regulators in New York. House Majority Whip Tom Emmer explained need put Gary Gensler – current head of SEC – place giving him lesson humility not overstating boundaries.

Campaign Goals

DCTA deputy director Kevin Trommer mentioned campaign created connect everyday consumers with congressional representatives so could tell them firsthand how regulation by enforcement approach hurting investments while advisory board member lawyer John Deaton added all accomplished ensure right rules made when comes regulations surrounding digital assets including cryptocurrencies securities tokens exchange traded products funds et cetera.

Conclusion

The DCTA is hoping that by campaigning against what they feel are unfair regulations imposed by government agencies like the SEC, they will be able create an environment where cryptocurrency innovation can thrive without fear or detriment from regulators trying limit it unnecessarily .