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Key Words: Crypto bull John McAfee says SEC is striking out ‘in panic’ at digital currencies

Cybersecurity tycoon-turned-cryptocurrency bull John McAfee lashed out at the Securities and Exchange Commission on Wednesday night, claiming that the agency is running scared of digital currencies.

‘The SEC is frightened of losing power. They are reaching, in desperation.’

John McAfee

In a statement he issued through a tweet, McAfee criticized the SEC’s move earlier in the day warning about potentially illegal online platforms for trading cryptocurrencies.

“If a platform offers trading of digital assets that are securities and operates as an ‘exchange,’ as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration,” the SEC said.

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