SEC's Cryptocurrency Regulation Criticized By Legal Expert

According to Odaily, Fox Business journalist Eleanor Terrett shared on X that Richard Levin, a lawyer at Nelson Mullins, commented on the U.S. SEC's approach to cryptocurrency regulation. Levin referenced a famous quote by Winston Churchill, stating, 'You can always count on Americans to do the right thing after they have tried everything else.' He expressed that this sentiment unfortunately applies to the current situation. Levin, who has been involved in the cryptocurrency industry since 2010 and the fintech sector since 1999, described the regulatory process as a normal development. He noted that regulatory bodies often rely on rulebooks that were written during much earlier times, comparing it to an era when people still wore leather football helmets.