Coin Center, a leading cryptocurrency advocacy organization, has called on the U.S. Securities and Exchange Commission to suspend enforcement actions against individual crypto companies and instead focus on establishing clear regulatory frameworks for the industry.
The lobby group's push represents an escalation in pressure on regulators to move away from case-by-case enforcement toward prospective rulemaking. Coin Center argues that the SEC's current approach creates regulatory uncertainty that stifles innovation and leaves market participants unable to comply with clear legal standards. The organization has urged the SEC to issue guidance or no-action letters that would provide safe harbors for compliant crypto businesses.
The appeal comes as the crypto industry faces intensified SEC scrutiny under Chair Gary Gensler's leadership, with enforcement actions targeting major exchanges and token issuers. Establishing formal rules rather than relying on enforcement precedent would give companies predictability and potentially reduce litigation risk—a core demand from crypto stakeholders seeking regulatory clarity before expanding U.S. operations.