SEC Commissioner Slams Own Agency As ‘Paternalistic,’ ‘Lazy’ Over Kraken Issue — Gets Thumbs Up From Dogecoin Creator

SEC Commissioner Hester Peirce has strongly criticized the agency’s recent decision to target the crypto exchange Kraken, forcing the company to scrap its popular staking program and pay a $30 million fine.  What Happened: In an official letter of dissent, Peirce strongly objects to the SEC’s repeated attempts to regulate the industry through enforcement.