Senate Banking Committee member Bill Hagerty tweeted that it is likely that the real aims of the recent SEC lawsuits may be to remove all crypto platforms from the jurisdiction of the United States.
According to the congressman, the SEC is conducting a targeted fight against the cryptocurrency industry for the sole purpose of removing possible competitors and clearing the field for the introduction of a central bank digital currency (CBDC).
“Gary Gensler has finally revealed his true colors and voiced that the Biden administration wants to kill market innovation, paving the way for a CBDC that will give the federal government unprecedented influence over citizens’ privacy,” said Senator Hagerty.
The other day, SEC Chairman Gary Gensler gave an interview to CNBC, saying that the US does not need crypto assets, since the country already has its own digital dollar.
Earlier, Bill Hagerty and Senator Cynthia Lummis criticized the SEC’s unconstructive approach to regulating the crypto industry, saying that the agency is stifling innovation and harming investors.
Source: Bits
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