Stop the SEC: A Group Forms to Protect Crypto Innovation

• A new advocacy consumer group called the Digital Currency Trader’s Alliance (DCTA) has formed to oppose the SEC’s regulation of the crypto industry.
• The DCTA has launched a public campaign called ‘Stop the SEC’, and Coinbase is launching its own program called Crypto 435 to ensure pro-crypto policies exist in all 435 congressional districts in the US.
• House Majority Whip Tom Emmer believes that Gary Gensler, head of the SEC, needs to be taught humility and not overstate his boundaries when it comes to crypto regulation.

The Rise of DCTA

An advocacy consumer group known as Digital Currency Trader’s Alliance (DCTA) has been formed with a goal to oppose the Securities and Exchange Commission (SEC)’s regulation of cryptocurrency industry. The CDTA is now featuring commercials for their campaign titled ‚Stop the SEC‘ in order to encourage retail investors to speak with their state politicians about joining this battle against alleged influence by regulators on crypto space.

Coinbase Launches Crypto 435

Coinbase – one of USA’s largest digital currency exchanges – is launching a program called Crypto 435 with an aim of making sure that pro-crypto policies are set up throughout all congressional districts in US. This decision was made after Coinbase had to pay a large penalty fee to New York regulators.

Opposition from House Majority Whip Tom Emmer

House Majority Whip Tom Emmer expressed his opinion that Gary Gensler, current head of SEC needs be put in his place and be given lesson in humility and stop overestimating his authority over cryptocurrency regulations. He also urged bringing crypto firms into safe and strong markets instead of forcing them offshore which leaves investors vulnerable without sufficient regulatory safeguards.

John Deaton’s Viewpoint

John Deaton, lawyer serving on DCTA advisory board stated that their team wants nothing more than creating rules that would protect consumers while also allowing innovation within cryptocurrency space. As per him, it’s important for everyone involved with digital currencies whether they’re just investors or developers working on projects within this sector -to have clear understanding how these laws apply so they can remain compliant at all times.

Final Thoughts

It looks like there are some forces out there willing to stand up against unfairness caused by SEC regulations when it comes to cryptocurrency innovation and investments safety. Both DCTA’s ‚Stop The Sec‘ campaign as well as Coinbase’s Crypto 435 program could potentially turn out as major success stories if they manage garner enough support from retail investors and politicians alike; only time will tell how effective these initiatives will be at stopping security regulators from limiting potential growth within cryptospace due their questionable practices.