It’s becoming increasingly apparent that the SEC is gearing up to tighten regulations on cryptocurrencies. Legal disputes with numerous crypto firms, from Kraken to Consensys, and most recently Robinhood, underscore this trend. But don’t rely solely on AMBCrypto’s outlook — take a look for yourself. SEC Chair’s bold move Recently, SEC Chair Gary Gensler expressed his frustration with the “outsized ratio” of crypto-related inquiries compared to traditional finance. Speaking on “Squawk Box,” he highlighted the overwhelming number of questions he receives about cryptocurrency.

He said, Additionally, Gensler’s comparison between the massive $110 trillion capital market regulated by the SEC and the relatively smaller $2.4 trillion crypto market highlights significant concerns. Ignorance is bliss!

Is it?

Moreover, this isn’t the first time Chair Gensler has tried to avoid questions related to crypto. During a separate interview with CNBC on the 14th of February, he sidestepped similar inquiries and said, He even went so far as to criticize Bitcoin [BTC], stating, All these instances further confirm that the SEC might be looking to come down to crypto more harshly.

Perhaps that is why Jake Chervinsky, chief legal officer of Variant, suggested in a recent “Unchained” stream, Additionally, when Chair Gensler was pressed about the SEC’s Wells notice to Robinhood, accusing its crypto services of breaching securities laws, he said, He further emphasized the lack of essential disclosures for crypto investors, and added, Is SEC overstepping?

In response to this Paul Grewal, Coinbase’s CLO took to X (Formerly Twitter) and noted, All in all, these exchanges paint a perplexing image of the SEC.

Ergo, as events unfold, people are eager to know who is SEC’s next target.