> "He [Matt Corridoni] added that FTX never directly lobbied Rep. Auchincloss’s office to join the letter." So, FTX indirectly lobbied Auchincloss to tell the

> "He [Matt Corridoni] added that FTX never directly lobbied Rep. Auchincloss’s office to join the letter." So, FTX indirectly lobbied Auchincloss to tell the SEC to leave them alone. > He [Byron Donalds] was merely concerned with the SEC’s procedure and guidance with crypto firms, which some have described as “regulation by enforcement.” > ... SEC chair Gary Gensler has been adamant that crypto platforms are trading and minting securities, and that these securities needed to be registered with the agency. Sounds like the SEC is only doing "regulation by enforcement" because they're already claimed what you're doing is illegal and you've just ignored them so they're only left with enforcement ...