TO SELL
The SEC has been attempting to regulate cryptocurrencies since 2017, asserting authority over many coins and trading platforms. Further, SEC Chair Gary Gensler believes most current crypto tokens fall within this category, making their distribution potentially illegal. However, the SEC only really has the authority to regulate coins classified as securities. Despite warnings since 2017, only a small percentage of cryptocurrencies have been addressed through enforcement. This has led to complaints that regulators are using strong-arm tactics to expand their jurisdiction without giving clear frameworks around regulation.