The United States Securities and Exchange Commission plans to bring more charges against crypto exchanges and decentralized finance (DeFi).
The assertion was made by David Hirsch, the head of the SEC’s Crypto Assets and Cyber Unit. However, he conceded that the agency’s litigation load is considerably heavy.
SEC Warning To Crypto Projects
David Hirsch, the head of the SEC’s Crypto Assets and Cyber Unit, has warned that the agency is not done going after cryptocurrency exchanges and decentralized finance (DeFi) projects it sees as violating securities laws. The action taken against these entities will be similar to those initiated against crypto giants such as Coinbase and Binance. According to Hirsch, the agency is looking to bring new charges against dealers, exchanges, crypto brokers, dealers, and clearing agencies that don’t make proper disclosures or register with the agency.
The agency’s enforcement office is going about its litigation business at an unusual pace,
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