In 2017, the U.S. Securities and Exchange Commission (“SEC”) established an agency-wide program dedicated to shutting down the cryptocurrency industry: what we call the cryptocurrency-suppression program (“Suppression Program”). The SEC’s rhetorical objective is to protect investors. We think that the real objective is to prevent disintermediation. Regardless of what institutions actually profit from the Suppression Program, the SEC’s crusade against private digital money (“PDM”) stands on a foundation of sand and deserves to be knocked down.
Follow this program series as we address and discuss the SEC’s unlawful suppression of new cryptocurrencies.