The US Congress criticized the Securities and Exchange Commission because of the political view of cryptocurrencies!

Torres se one letter to SEC Inspector General Deborah Jeffrey and another to Gene Dodaro, the head of the State Audit Office. Torres argued that regulation by enforceme is not the way to regulate and called for a more rigorous and transpare process for registering crypto platforms.
The US Securities and Exchange Commission has not yet publicly responded to Torres’ letters. The call for research comes amid growing scrutiny of the SEC’s approach to regulating crypto assets, particularly initial token offerings (ICOs). The US Securities and Exchange Commission has been criticized for a lack of clarity and consistency in its approach, leading to confusion and uncertaiy among market participas.