Stop the SEC : Group Forms to Protect Crypto Innovation

• An advocacy consumer group called the Digital Currency Trader’s Alliance (DCTA) has formed in order to oppose the Securities and Exchange Commission’s (SEC) regulation of cryptocurrency.
• The DCTA has started a campaign titled „Stop the SEC“ which encourages retail investors to speak with their state politicians about joining the battle against SEC regulations.
• Coinbase, one of America’s largest exchanges, is also launching its own program called Crypto 435 to ensure pro-crypto policies exist in all 435 congressional districts.

Digital Currency Trader’s Alliance Takes Action Against SEC

An advocacy consumer group called the Digital Currency Trader’s Alliance (DCTA) has formed in order to oppose the Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The DCTA has started a campaign titled „Stop the SEC“ which encourages retail investors to speak with their state politicians about joining the battle against SEC regulations.

SEC Targets Leading Exchanges

The SEC seems to be under the impression that it has the right and authority to police crypto markets, recently going after many of the world’s leading digital currency platforms, such as Kraken. As one of USA’s largest and most popular digital currency exchanges, Kraken was forced to pay a $30 million fee to the SEC and cease all its ETH staking services.

Coinbase Launches Crypto 435 Program

Coinbase – America’s largest digital trading platform – is launching its own program called Crypto 435, intended for ensuring pro-crypto policies exist in all congressional districts across USA. Recently having had some political run-ins itself due to handing over large penalty fees to regulators in New York, Coinbase hopes this new program will make an impact on how crypto is regulated by authorities.

House Majority Whip Tom Emmer Weighs In

House Majority Whip Tom Emmer explained that Gary Gensler – head of the SEC – needs to be put in his place and learn humility regarding his boundaries within regulating crypto assets. He stated that instead of relegating crypto firms offshore where investments are vulnerable without sufficient regulatory safeguards, they should be brought into U.S.’s safe & strong markets instead.

Lawyer John Deaton Discusses Goals

DCTA advisory board member & lawyer John Deaton said his team intends on helping ensure proper rules are made regarding crypto assets while also protecting consumer rights & interests so that people can feel safe investing in digital assets without worrying about potential negative consequences from regulatory actions or lack thereof by authorities.