Blockchain Association CEO Kristin Smith Statement on SEC Actions

Washington, D.C. (June 6, 2023) – The following statement is attributed to Blockchain Association CEO Kristin Smith:

“The SEC doesn’t make the law – it only makes accusations – and we’re confident the courts will prove Chair Gensler wrong in due time.

“Contrary to what Chair Gensler says, there is no regulatory clarity for digital assets as evidenced by two House committee chairs circulating a comprehensive regulatory proposal just last week. The Digital Asset Market Structure discussion draft is a step forward to not only craft effective regulation for digital assets, but also rein in Chair Gensler’s relentless crusade against American innovation.

“Blockchain Association stands ready to advocate for our members – and the entire crypto industry – and fight back in Congress and the courts.”