In fact, in a remarkable bit of circular reasoning, the SEC specifically notes that its view on cryptocurrency is informed by “data and information” gleaned from the legal “undertakings … the Commission is currently pursuing.” In other words: The SEC, which is pursuing securities charges against crypto firms, cannot consider changing the rules that uphold those legal actions, because of information it has learned pursuing those cases.

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• Source: https://www.coindesk.com/consensus-magazine/2023/12/15/coinbase-tried-to-rein-in-a-renegade-sec-thats-trying-to-rein-in-a-renegade-industry/?utm_medium=referral&utm_source=rss&utm_campaign=headlines