- Marc Fagel says the SEC has a habit of falling short with new spaces that move quickly.
- The former director expects Congress to step in and regulate the crypto sector.
- Fargel thinks the SEC is for going after unregistered entities.
Former SEC regional director Marc Fagel has criticized the U.S. Securities and Exchange Commission for repeatedly falling short in rapidly evolving sectors. Fagel attributed this persistent issue to the commission’s rigid bureaucratic structure and sluggish processes
In a recent interview with Tony Edward of Thinking Crypto, Fagel detailed the complexities the SEC faces and the agency’s efforts to maintain a sound financial ecosystem in the U.S. Fagel praised the SEC for much of their work, noting that their enforcement actions have been legally sound.
However, the former regional director acknowledged that the SEC’s conflicts with crypto exchanges have been challenging. He anticipates Congressional intervention to regulate that sector of the economy. Otherwise, the SEC may continue to step in and bring enforcement actions. Despite disagreeing with some of the agency’s tactics, Fagel believes their enforcement processes are soun…
The post Former SEC Official Criticizes Agency’s Slow Pace in Regulating Fast-Moving Markets appeared first on Coin Edition.