Observing the actions made by the US SEC, we may get the impression that they are not determined by logic or law, but by the personal beliefs and ambitions of Gary Gensler, the head of SEC. The conflict between the SEC and the crypto community unfolds in all directions as follows: corporate, legal, political and, finally, personal.

Why does the SEC oppose cryptocurrencies? Why does the SEC’s position contradict normal business practice and legislation? How does the conflict end? Lado Okhotnikov comments on the situation.