Coinbase News: Crypto Community Lashes Out Against SEC, Targeting Former Employees

The cryptocurrency community has launched an unprecedented attack against the U.S. Securities and Exchange Commission (SEC), seeking revenge against former employees who were part of Gary Gensler’s era. Here’s what you need to know.

Crypto Community Seeks Revenge Against SEC, Targeting Former Employees

The U.S. Securities and Exchange Commission (SEC) is facing unprecedented backlash from the crypto community, who are now seeking revenge under a pro-crypto government. Crypto enthusiasts are targeting former SEC employees who worked under Gary Gensler, ensuring their exit from the industry to prevent another Gensler era. Crypto leaders faced numerous court battles during Gensler’s tenure, but now the government is on their side. However, some crypto leaders have taken matters to an extreme, with Coinbase CEO Brian Armstrong and Ripple’s Stuart Alderoty advocating for avoiding law firms that hire SEC employees involved in the crackdown, making it harder for those leaving the agency to find work.

Coinbase Partners with 174 Governments, Revolutionizing Crypto Adoption

Coinbase has partnered with 145 US and 29 global government entities, marking a significant milestone in government crypto adoption and institutional cryptocurrency integration. The company aims to be the primary facilitator for blockchain technology in government as crypto regulations evolve. CEO Brian Armstrong highlighted this expansion across federal, state, and local levels in a recent social media post.