Legal experts: Before many cryptocurrency lawsuits begin, the SEC may face issues such as resource limitations
ChainCatcher news, as the U.S. Securities and Exchange Commission (SEC) continues to open new fronts in the cryptocurrency war, some are now questioning whether it has spread itself too thin and whether it has the legal resources necessary to simultaneously litigate so many cases against the industry's largest players. Scott Mascianica, partner at Hilgers Graben Law Firm and head of government investigations and regulatory enforcement, stated that the fact these enforcement actions against cryptocurrency companies are happening concurrently is significant and undoubtedly puts pressure on the agency. Legal experts indicate that before many cryptocurrency lawsuits began, the SEC may have faced issues such as resource constraints, travel budget cuts, and reduced available funding, which could hinder its ability to handle related matters as aggressively as possible.