Odaily Planet Daily News On Tuesday afternoon, at the annual meeting of the Futures Industry Association, participants in the cryptocurrency industry increased pressure on regulators because they believed that regulators had failed to provide an adequate regulatory framework for this new asset class. Brian Quintenz, former CFTC commissioner and current policy director of a16z, said that in the past few weeks, regulators such as the U.S. Securities and Exchange Commission (SEC) have announced a series of enforcement actions against cryptocurrency companies, which many industry insiders believe is a hostile attack on the cryptocurrency industry and American innovation. "The SEC is completely out of control. They are playing rogue," Quintenz said. "The United States must make a decision whether to embrace and support innovators in this country. Some jurisdictions have noticed this. This is not what we see in the United States. Time waits for no one." Another panelist, Chris Perkins, president of CoinFund, also said that jurisdictions such as Hong Kong, Singapore and the United Kingdom are ahead of the United States in these developments. Perkins added: "We try to advise our founders on regulatory risks, but this is difficult to do if the regulation is unclear. Other countries will not wait for us." (CoinDesk)