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As the SEC advances its pro-crypto agenda under the Trump administration, Democratic Commissioner Caroline Crenshaw questions whether the agency is disproportionately promoting blockchain adoption. The debate centers on balancing innovation with consumer protections in traditional financial markets. Wall Street giants like BlackRock and Fidelity attended the SEC’s latest crypto roundtable, highlighting growing interest in blockchain-based securities.
- SEC Commissioner Caroline Crenshaw challenges the agency's pro-blockchain stance, arguing it may overstep regulatory boundaries and weaken consumer protections.
- Wall Street giants including BlackRock and Fidelity attended the SEC roundtable, signaling strong institutional interest in blockchain-based securities.
- Debate centers on trade-offs between blockchain's potential for instant settlement and current system benefits like fraud prevention and system stability.
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Other Tags: Caroline Crenshaw, Franklin Templeton, Hester Peirce, Blockchain, Blockchain Technology, Nasdaq, Wall Street