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SEC Sued by Crypto-Focused Law Firm, Nouriel Roubini Tweets Sarcastic Comment

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Crypto-focused law firm Hodl Law PLLC has sued the U.S. Securities and Exchange Commission, alleging the regulator has failed to clarify its jurisdictional authority over digital assets and failed to define whether it views digital assets as securities.

Nouriel Roubini, a well-known critic of cryptocurrencies, stated in his tweet that the plaintiff is blaming the "FTX debacle and coming crypto extinction" on the securities regulator.

 Crypto-focused law firm Hodl Law PLLC has sued the U.S. Securities .. based on totally bogus arguments. Crypto crooks now blame SEC for FTX debacle and coming crypto extinction. What a pile of crypto manure pseudo-arguments! https://t.co/bFRJik8NJ7

— Nouriel Roubini (@Nouriel) November 24, 2022

# SEC

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