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- The SEC has stepped up its campaign to reign in what its Chair has called the "Wild West" of crypto.
- Gary Gensler has gone after the Winklevoss twins and Kraken, the world's third-biggest crypto exchange.
- But its targeting of unregistered assets has left some in the crypto sector with one response: it's war.
After lots of calls to clean up the wild west of crypto, it looks like the SEC is finally getting stuck in.
It's gone after big names like Gemini and Kraken - and it's using rules on unregistered securities as its key hammer.
We explain what those are and what the industry makes of the regulatory crackdown.