U.S. Congressman Ritchie Torres: The SEC must reassess its reckless regulatory assault on the cryptocurrency industry

ChainCatcher News, U.S. Congress Blockchain Caucus member, Congressman Ritchie Torres, wrote to the Chairman of the U.S. Securities and Exchange Commission (SEC), urging the agency to reassess its reckless regulatory attacks on the crypto industry following the Ripple ruling, and to focus the Commission's enforcement efforts where they belong: on combating the real bad actors who commit serious violations (such as fraud, market manipulation, and misappropriation of customer funds).
Ritchie Torres is a member of the House Financial Services Committee, which is tasked with overseeing the U.S. Securities and Exchange Commission.