Chair

<ul class="news-points">
 <li><strong>Dan Weisberger criticizes reps supporting the SEC on SAB 121.</strong></li>
 <li><strong>The Coin Routes chair calls the SAB 121 regulation supporters backward and anti-crypto.</strong></li>
 <li><strong>Waters believes scrapping SAB 121 will undermine the SEC’s abilities to protect crypto investors.</strong></li>
</ul>
<p>CoinRoutes Chair Dave Weisberger blasted those who claim the SEC’s actions are protecting crypto investors, calling the view “backward” and branding those who agree with it as “anti-investor.”</p>
<p>Weisberger voiced his criticism in a post on X in response to the U.S. Representative Maxine Waters, who opposed a Republican-led resolution to block the SEC’s Staff Accounting Bulletin (SAB) 121.</p>
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   <p lang="en" dir="ltr">This point of view, that the SEC is doing “good work protecting” crypto investors is so backwards, all who agree with it should be branded as anti-investor. <br><br>This BILL would allow REGULATED entities to custody assets that the SEC unlawfully (according to the GAO) blocked,… <a href="https://t.co/NCFNFh0kCF" target="_blank" rel="noopener noreferrer nofollow">https://t.co/NCFNFh0kCF</a></p>— Dave Weisberger (@daveweisberger1) <a href="https://twitter.com/daveweisberger1/status/1811128366357266519?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 10, 2024</a>
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<p>Waters argued that opposing the bill equates to stripping away protections for crypto investors. However, the CoinRoutes chair countered, asserting that the bill would allow…</p>
<p>The post <a href="https://coinedition.com/coinroutes-ceo-slams-secs-crypto-overreach-supports-gop-resolution/" rel="noopener noreferrer nofollow">CoinRoutes CEO Slams SEC’s Crypto Overreach, Supports GOP Resolution</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

CoinRoutes CEO Slams SEC’s Crypto Overreach, Supports GOP Resolution

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