Leading US-based market intelligence firm, Messari, has severed ties with the SEC amid rising tensions. The CEO of Messari released a strong statement condemning the regulator's actions as unjust and corrupt. Over recent months, the SEC, under the leadership of Gary Gensler, has initiated legal actions against several cryptocurrency firms, sparking significant backlash within the industry. Ryan Selkis, the CEO, revealed the firm's decision in a detailed draft, expressing firm opposition to the SEC's practices and declaring a stance of defiance. In his publication, Selkis announced Messari's refusal to engage with the SEC until major reforms are implemented, deeming the agency as an adversary rather than a regulatory entity. Moreover, he criticized the SEC for its failure to promptly address market vulnerabilities and fraudulent occurrences, contrasting Messari's proactive approach in disseminating valuable insights. Selkis raised concerns about Gary Gensler's leadership, alleging incompetence and inconsistency in handling crypto regulations. The CEO outlined a strategic shift for Messari, emphasizing the goal of becoming a reputable and efficient information provider to the crypto market without burdening taxpayers. He advocated for the credibility of private information providers and proposed leveraging advanced technology to validate market integrity independently of the SEC. Additionally, Selkis unveiled plans to challenge the SEC's authority through legal, legislative, and media avenues, signaling a bold defiance against the status quo. This move has reverberated across the crypto community, stimulating discussions and speculation on its implications for the market. Concurrently, the wider crypto market faces continued price volatility, with prominent cryptocurrencies like Bitcoin showing a lack of recovery momentum. As Messari embarks on a new chapter post-Sec disassociation, the industry braces for potential disruptions and transformations ahead.