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SEC Concedes Gary Gensler’s Crypto Enforcement Actions Failed To Deliver Investor Gains
The US Securities and Exchange Commission has formally acknowledged that a category of its prior crypto enforcement actions produced no meaningful investor benefit, marking a rare public repudiation of the regulatory strategy pursued under former Chair Gary Gensler. The admission appeared in a public statement tied to the agency’s fiscal 2025 enforcement results, in which the SEC said the cases in question misallocated agency resources and reflected a misinterpretation of federal securities laws. A Break From Regulation by Enforcement SEC Chair Paul Atkins said the agency has redirected its enforcement approach ... (full story)