• A new advocacy consumer group, the Digital Currency Trader’s Alliance (DCTA), has formed to go after the Securities and Exchange Commission (SEC) and stop it from getting in the way of crypto innovation.
• The DCTA’s campaign, „Stop the SEC,“ is calling for retail investors to speak with their state politicians about joining the battle against the regulation by enforcement approach of the SEC.
• Coinbase is also launching its own program called Crypto 435 with a goal to ensure pro-crypto policies exist in all U.S.’s 435 congressional districts.
The Digital Currency Trader’s Alliance (DCTA)
An advocacy consumer group has formed that’s designed to go after the Securities and Exchange Commission (SEC) and stop it from getting in the way of crypto innovation. The Digital Currency Trader’s Alliance (DCTA) is now featuring commercials for the group online and is calling for retail investors to speak with their state politicians about joining the battle.
The SEC Is Now Facing Some Opposition
The SEC seems to be under the impression that it has the right and the authority to police the entire crypto space. In recent weeks, it has gone after many of leading digital currency platforms such as Kraken which was forced to pay a $30 million fee to cease all its ETH staking services. The DCTA’s campaign dubbed “Stop The SEC” aims at putting a damper on this approach by connecting everyday consumers with their congressional representatives so they can tell them firsthand how this affects their investments.
Coinbase Launches Crypto 435
Coinbase – one of America’s largest digital currency exchanges – is launching its own program called Crypto 435 with an aim of ensuring pro-crypto policies exist in all U.S.’s 435 congressional districts. House Majority Whip Tom Emmer states Gary Gensler needs put into place so he stops overstepping boundaries when dealing with cryptocurrency firms who want registered, compliant products and services in USA without having to move offshore leaving investors vulnerable without sufficient regulatory safeguards.
Ensuring The Right Rules Are Made
DCTA advisory board member John Deaton states that their team works hard on every case taking into account every law, rule or regulation that could have an impact on digital currency trading as well as creating better communication between consumers/investors and government officials so they understand each other better when making rules regarding cryptocurrency firms or marketplaces .
This article covered a new advocacy consumer group known as Digital Currency Trader’s Alliance (DCTA), which formed specifically to go after securities exchange commission.(SEC). It also discussed Coinbase launching its own program called Crypto435 aiming at ensuring pro-crypto policies existing in USCongressional Districts while DCTA works on creating better communication among consumers/investors & government officials for understanding each other better when rules are made regarding cryptocurrency firms or marketplaces