According to Blockworks, the regulatory landscape for the cryptocurrency industry is anticipated to shift following the recent election, potentially impacting companies like Exodus, a software wallet provider. Exodus CEO JP Richardson expressed dissatisfaction with the U.S. Securities and Exchange Commission (SEC) after the company's public listing was unexpectedly delayed in May. Richardson stated that Exodus had been transparent and responsive throughout the SEC's review process, making the delay surprising and confusing.
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According to Cointelegraph, Edward Snowden, a prominent privacy advocate and former contractor for the National Security Agency (NSA), recently spoke at Near’s Redacted conference in Bangkok, Thailand. During his address, Snowden delved into the topics of decentralization, cryptocurrencies, artificial intelligence, and blockchain technology. He particularly highlighted the influence of venture capital (VC) on blockchain projects, using Solana as a case study.
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This development comes amid ongoing debates about the role and effectiveness of the SEC under Gensler's leadership. Critics have pointed to various regulatory decisions and policies that they believe have not adequately protected investors or promoted fair and efficient markets. The ASA's statement reflects a broader call for accountability and transparency within the SEC, as well as a desire for leadership that prioritizes the needs of everyday Americans and the businesses that drive the economy. #SEC
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