COIN - EXCLUSIVE: Biden Administration 'Let The SEC Go Unchecked' Tether Co-Founder Says | Benzinga
The Joe Biden administration has let the SEC go unchecked, Tether (CRYPTO: USDT) co-founder William Quigley on Friday said, has he expressed strong concerns about the current regulatory approach to cryptocurrency industry.
In an interview with Benzinga, Quigley highlighted the SEC’s aggressive stance towards crypto companies, particularly under the leadership of Chairman Gary Gensler.
“Under Gensler, the SEC has not been friendly to crypto,” he stated, pointing to the numerous lawsuits filed against major crypto companies like Coinbase (NASDAQ:COIN) and Ripple (CRYPTO: XRP).
Political And Regulatory Environment
Quigley criticized the Biden administration for allowing regulators to go unchecked.
“Biden, I don’t think he’s been an enemy of crypto, but he has let the regulators kind of go unchecked,” he said.
He expressed hope that a change in the U.S. presidency could positively impact the crypto industry.
“I’ve heard recent positive statements from Trump about crypto,” he noted, suggesting that a Trump presidency might result in less aggressive regulatory actions.
“It’s probably the case that another chairman of the SEC would be appointed if Trump were to win. And I guess that could be good,” he speculated.
Future Market Predictions
Looking ahead, Quigley projected that Bitcoin (CRYPTO: ...