Former official: the prior SEC administration 'weaponized' the agency against crypto.

Mike Selig, speaking publicly on the SEC's recent posture toward the crypto industry, said the prior administration deliberately used the regulator as a tool against digital asset firms rather than as a neutral enforcement body. The characterisation echoes a growing consensus among crypto-native legal observers who documented a surge in enforcement actions and staff guidance letters during that period.

The comment adds to an ongoing reassessment of how the agency's mandate was applied — and what a recalibrated SEC stance could mean for projects that have been operating under legal uncertainty for years.

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