SEC Commissioner pushes back against the recruitment of more ‘crypto cops’

The Securities and Exchange Commission (SEC) is set to hire 20 additional staffers to investigate crypto fraud. The recruitment drive will almost double the headcount, to 50 in total, at its Crypto Assets and Cyber Unit.
However, in a tweet, SEC Commissioner Hester Peirce raised objections to the move. She questioned the agency’s motives for targeting the crypto industry. This split in sentiment suggests internal strife within the agency.
The SEC has come under fire in recent times over its handling of crypto litigation. The most high-profile example of this is the SEC vs. Ripple case.
But others have come forward to air their grievances, including Lbry CEO Jeremy Kauffman, who likened his interactions with the agency to organized crime.
The discovery phase of the SEC vs. Ripple hearing has exposed the SEC to several allegations, including favoritism in picking winners and losers. But perhaps most damning is the claim that former director William Hinman had a conflict of interest whi

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