Krutika Adani
According to CFTC Chair Rostin Behnam, 70%—80% of cryptocurrencies were not securities.
The SEC has kept prosecuting major crypto companies to extend its power. MetaMask, Lido, Rocketpool, and Uniswap are the latest victims, among several others.
Per the FIT-21 law, decentralized cryptocurrencies would be governed by the SEC, while centralized ones would be under the SEC’s authority.