BLOCKCHAIN—Better Markets, ‘Shadow SEC’ comment against crypto assets proposal (Oct 21, 2026)

Better Markets has submitted a comment opposing a crypto-assets proposal, according to a VitalLaw report published Oct. 21, 2026. The investor-protection and financial-markets advocacy group characterized the proposal as creating a “shadow SEC” approach to crypto oversight.

The report’s headline indicates that Better Markets’ objection centers on the proposal’s potential regulatory implications for crypto assets. Its use of the “shadow SEC” description signals concern that the framework could perform functions associated with securities regulation without the same structure or safeguards.

Crypto-asset regulation remains a major policy issue because digital tokens, trading platforms and related services can raise questions over investor protection, market integrity and which agencies hold authority. In the United States, the Securities and Exchange Commission has long asserted that some crypto assets and transactions may fall under federal securities laws.

Comments from organizations such as Better Markets are part of the public-policy process surrounding proposed rules and legislative or regulatory frameworks. The VitalLaw report highlights continued disagreement over how crypto markets should be regulated and whether proposed alternatives would weaken or duplicate existing oversight.