Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower. The U.S. Securities and Exchange Commission’s legal battles against cryptocurrency firms, once likened to David versus Goliath, now resemble Godzilla versus King Kong, given the industry’s growth to a $2.5-trillion market.
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The SEC's enforcement actions against crypto firms are happening simultaneously, which has put a strain on the agency's resources. Some are questioning whether the SEC has the legal firepower needed to fight so many court cases against the industry's largest players
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