The US SEC has become a desperate agency, and in desperation, it is knowingly overstepping its bounds, which could be bad not only for Gary but for the agency as a whole.
Loss against crypto
Ever since the Hinman Speech came out, the SEC has been defeated in court in every mission to target crypto. The SEC's appeal against the District Court's decision in the Ripple case has also been rejected. Now it seems to be losing even in the cases that are with the SEC.
Rebuke by Republicans
The committee of Republican MPs gave Gary a lot of water to drink, but Gary has not digested it. There is no threat to Gary from the government, but there will definitely be a threat if the government changes. As the presidential election approaches, the pressure on Gary is increasing.
Musk Target?
The SEC has opened Pandora's box by setting up an investigation into the Twitter (X) purchase by Elon Musk. Calling it politically motivated, Musk has demanded strict action against the SEC. I too think that Mass media is behind this, but if Gary claims on security law, then he will expose the SEC.
