The following statement is attributed to Blockchain Association CEO Kristin Smith following today’s SEC action against Cumberland:
“Unfortunately, today is more of the same, tired playbook from Chair Gensler’s SEC: hollow offers followed by confusion, then enforcement – with no other perceivable goal than to drive digital asset innovation offshore. As Cumberland defends itself from these baseless charges, Blockchain Association stands firmly with them. But today’s news makes it clearer than ever: Congress – not overzealous regulators – must act to establish guardrails for the industry, otherwise, we risk ceding America’s lead in crypto and losing what makes our nation a bastion for innovation.”
