In a recent interview, Don Wilson criticized the SEC's regulatory approach to crypto, likening it to his previous victory over the CFTC under Gary Gensler. The SEC has accused Wilson's company, Cumberland DRW, of trading at least $2 billion in cryptocurrencies without proper registration, as the SEC claims these assets are securities. Wilson argued that existing registration processes are inconsistent and hinder competition. He suggested that the SEC's lack of clear rules is a strategic choice to selectively prosecute firms. Unlike the CFTC's unsuccessful case against DRW in 2013, Wilson hopes the current enforcement action will lead to clarity in crypto regulations. He expressed that the SEC’s ongoing actions may inhibit crypto innovation, asserting that some regulators view government control as superior, which contradicts the decentralized nature of crypto. Wilson is prepared for continued legal battles and hopes for a ruling that dismisses the SEC’s claims, emphasizing the need for fairness and clarity in regulatory practices.

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