Cointelegraph reached out to various players working within the space to see their responses to the recent actions made by the SEC. From sharing their belief that it will drive crypto companies away from the U.S. to simply calling the SEC’s actions lazy, industry players shared their thoughts on the latest topic hounding the space.According to Kristin Smith, the CEO of the Blockchain Association, while the SEC’s actions are expected, it’s still unacceptable.
Meanwhile, Paolo Ardoino, the chief technology officer of stablecoin issuer Tether believes that companies’ complaints against the SEC should be listened to. According to Ardoino, the uncertainty of rules and guidance in the U.S. is becoming a common theme, even among the biggest supporters of crypto in the country.
explained that this can “open up more opportunities for other jurisdictions such as Hong Kong, Dubai or even El Salvador to drive innovation and attract capital and talent.”protocol Enjin, agrees with the sentiment. According to Tan, the world will not wait for the US to make up its mind on crypto. Tan explained:
While others expressed their beliefs on the potential effect of the SEC’s lawsuit against Binance and Coinbase, other crypto professionals explored the motivation and fairness of the SEC’s move.