The recent crackdown on crypto mixing platforms like Tornado Cash raises concerns about the SEC’s potential overreach in its crypto regulatory efforts.
Additionally, the SEC’s likely rejection of spot Ethereum ETFs further indicates its regulatory stance, as issuers anticipate denial despite efforts from BlackRock and Grayscale.
The U.S. Securities and Exchange Commission (SEC) has been constantly expanding its reach in the crypto regulatory market ever since its case on Ripple. The securities regulator has slapped lawsuits on some of the top crypto firms like coinbase, Binance and others. In a recent crackdown, the SEC is going after crypto mixing platforms like Tornado Cash, which leads everyone to question whether is the SEC going too far with its crypto outreach?
It’s noteworthy that there has been a lack of consistency in legal rulings regarding the classification of tokens as investment contracts. An example of this is evident in the Ripple case, where Judge Torres and Judg

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