Group Forms to Stop SEC from Stifling Crypto Innovation

• An advocacy consumer group called Digital Currency Trader’s Alliance (DCTA) has formed to go after the Securities and Exchange Commission (SEC) and stop it from getting in the way of crypto innovation.
• Coinbase is launching its own program called Crypto 435, with the goal of ensuring pro-crypto policies exist in all the U.S.’s 435 congressional districts.
• House Majority Whip Tom Emmer said that Gary Gensler needs to be put in his place and be given a lesson in humility regarding his regulatory approach for crypto.

Digital Currency Trader’s Alliance Forms

The Digital Currency Traders Alliance (DCTA) has formed to advocate for retail investors against the Securities and Exchange Commission (SEC). This campaign, dubbed „Stop the SEC,“ is calling on consumers to speak with their state politicians about joining them in fighting against any restrictive regulations imposed by the SEC. The organization is also running commercials online to spread awareness.

Coinbase Launches Crypto 435 Program

Coinbase, one of America’s largest digital currency exchanges, has launched a program called Crypto 435 designed to ensure that pro-crypto policies exist in all of the US’s 435 congressional districts. This move comes as Coinbase had recently had to pay a large fee due to regulators in New York.

Majority Whip Tom Emmer Speaks Out

House Majority Whip Tom Emmer expressed his opinion that current head of SEC Gary Gensler needs to be reigned in when it comes to his approach regarding regulation for crypto projects. He believes that Gensler’s enforcement by regulation approach is hurting investors and preventing crypto firms from entering safe markets in the United States.

Stop The SEC Campaign

The Stop The SEC campaign aims connect everyday consumers with their representatives so they can share how the SEC’s regulations are impacting their investments negatively. DCTA deputy director Kevin Trommer explained that this campaign was created out of necessity as there was no other way for consumers make their opinions heard on this matter before now.

Final Thoughts

John Deaton, an advisory board member and lawyer at DCTA, expressed his belief that it is necessary for organizations such as theirs come together so they can ensure that proper rules are made concerning cryptocurrency investments which protect both investors and innovators alike.