Robert F. Kennedy Jr., a US presidential candidate, has criticized the Securities and Exchange Commission's (SEC) regulatory approach towards the cryptocurrency industry, stating that he does not want anti-crypto people on the commission.

He also accused the SEC of protecting banks rather than the American people and lacking transparency. Kennedy expressed his admiration for bitcoin and emphasized the benefits of the cryptocurrency, including its democratic nature and finite supply.

The SEC has faced criticism for its enforcement-centric approach to regulating the crypto space, with many complaining about unclear rules that make it difficult to ensure compliance.