The SEC wants Crypto out, and it will go. A loss to US business

Crypto and the US don't seem to be enjoying a happy marriage. And the end result is only going to be a loss of business to overseas.

The SEC looks set to charge coinbase and take their grievances to the courts.The regulations are inconsistent and poorly laid out.

SEC Commissioner Heater Peirce said the following

“Today’s Commission tells entrepreneurs trying to do new things in our markets to come in and register. When entrepreneurs find they cannot, the Commission dismisses the possibility of making practical adjustments to our registration framework to help entrepreneurs register, and instead rewards their good faith with an enforcement action.”

Surely Gensler does not have a future. But then maybe it's for the better if crypto business goes elsewhere!