US SEC Continues its Campaign Against Cryptocurrency Businesses

As digital currency kindles more and more interest, triggering many governments to create favourable conditions for the growth of the industry, the US watchdogs scrutinize blockchain and crypto business as they doubt its legit nature. The SEC took the matter to courts of law until when the company decided to surrender and abandon its blockchain TON project in early 2020 - after bumping into some serious uncertainties.

The SEC Commissioner Hester Peirce known as Crypto Mom has demonstrated much support to blockchain and digital currency businesses and projects. She used to criticise the SEC’s cautiousness about Bitcoin ETFs and cryptocurrency in general, at the same time admitting the need for regulatory clarity.

Timeline of Bitcoin