US Congressman Ritchie Torres (D-N.Y.) is demanding accountability from the Securities and Exchange Commission (SEC) regarding its approach to cryptocurrency regulation. Citing concerns over the SEC\'s "haphazard" actions, Congressman Ritchie Torres has called for two independent investigations into the agency.

US Congressman Demands Investigation into SEC Crypto Policies

The push for scrutiny follows a series of events raising questions about the SEC\'s licensing process and overall regulatory strategy within the digital asset space. According to two letters Representative Ritchie Torres (D-N.Y.) drafted requests for two investigations into the license granted by the SEC to Prometheum Ember ATS under unusual circumstances.

Why is US Congressman Ritchie Torres Calling for an Investigation?

US Congressman Ritchie Torres recently requested for two separate independent investigations into the US SEC (Securities and Exchange Commission). The investigations, requested in letters to the SEC’s Inspector General Deborah Jeffrey and the Government Accountability Office’s Comptroller General Gene Dodaro, focus on potential irregularities and inconsistencies in the SEC\'s handling of crypto firms. US Congressman Ritchie Torres (D-N.Y.) is asking for two separate investigations into the US SEC (Securities and Exchange Commission) over its crypto approach. He believes a thorough examination is needed to ensure fairness, transparency, and accountability within the regulatory framework governing digital assets.

US Congressman Ritchie Torres (D-N.Y.) has called for two independent investigations into the US Securities and Exchange Commission’s (SEC) actions, criticizing the SEC for granting a license... [Continue reading to understand the full scope of Congressman Ritchie Torres\' concerns and the potential implications for the cryptocurrency industry].

Reading: US Congressman Seeks Two Investigations into SEC’s Approach to Crypto Regulation

Congressman Ritchie Torres emphasizes the importance of a consistent and well-defined regulatory environment for the burgeoning crypto sector. His call for investigations aims to shed light on the SEC\'s decision-making process and promote a more balanced and predictable approach to crypto regulation. Congressman Ritchie Torres has asked for two separate independent investigations of the U.S. Securities Exchange Commission (SEC) for its haphazard...

Stay tuned for updates on this developing story as US Congressman Ritchie Torres calls for independent investigations into the SEC\'s approach to the cryptocurrency industry.