Norman Reed, Interim CEO of Binance.US, has launched a
scathing critique of the Securities and Exchange Commission’s (SEC) strategy
for regulating digital assets, characterizing it as fundamentally flawed and
harmful to the US economy. Reed, a former SEC employee, has articulated his
concerns in a strongly worded op-ed for Fortune, pointing out the agency’s
departure from core principles such as transparency, fairness, and stable
regulation in its management of the rapidly evolving digital asset landscape.
In his editorial, Reed emphasizes the crucial role of
regulatory frameworks in maintaining a healthy financial ecosystem and
protecting the interests of investors. Drawing on his background as a former
SEC employee, Reed expresses disappointment over what he perceives as a
deviation from the agency’s founding principles.
Norman Reed, Interim CEO of Binance.US, Source: LinkedIn
“The SEC was founded on principles of…
