Blockchain Association Says Congress To Intervene, End SEC’s Attack On Crypto Industry

According to the latest reports, it seems that the Blockchain Association CEO Kristin Smith has released a statement on the U.S. Securities and Exchange Commission’s eradication of staking on the crypto exchange Kraken. Check out the latest reports below.

The Washington DC-based organization, which represents more than 100 crypto companies in a push to improve public policy for blockchain networks on Capitol Hill, says the SEC’s actions are part of an ongoing attack on a nascent industry.

“The SEC continues its attack on US crypto companies and retail investors, regulating by enforcement and undercutting the potential of public blockchain networks in the United States.”

The same notes continue and say this:

“Staking is an important part of the crypto ecosystem, allowing individuals to participate in decentralized networks and giving investors more options to earn passive income.”

The Blockchain Association called on lawmakers in Congress to step in and prevent the crypto industry and its participants from moving offshore.

“Today’s settlement isn’t law, but is another example of why we need Congress – not regulators – to determine appropriate legislation for this new technology. Otherwise, the U.S. risks driving innovation offshore and taking online freedoms away from individual users.”

It’s been just revealed that a popular crypto analyst followed crypto strategist is bullish on Bitcoin (BTC), saying that the king crypto could be gearing up to do the unthinkable.

In a new video, analyst Kevin Svenson said recently that Bitcoin could hit $30,000 much sooner than people expect.

According to the crypto trader, momentum is on the side of BTC bulls following the breakout from a large falling wedge formation. It’s important to note the fact that this is a major shift in trend.

Stay tuned for more news, and keep your eyes on the market.