In a stern message to the crypto industry, David Hirsch, the United States SEC crypto enforcement chief, has issued a warning that more punishment and charges are imminent.
Hirsch’s declaration comes as the Securities and Exchange Commission grapples with a slew of pressing issues, but he made it abundantly clear that the regulatory body has not yet exhausted its arsenal when it comes to the crypto space.
Speaking at the Securities Enforcement Forum Central in Chicago, Hirsch unveiled the SEC’s forthcoming strategy. He emphasized that the agency is poised to bring forth new charges against various players in the crypto arena, including crypto exchanges, brokers, dealers, and others who fail to comply with proper disclosures or registration requirements. Hirsch’s message was clear: compliance is non-negotiable in the regulator’s eyes.
A Widespread Net: New Crypto Charges Loom
The agency’s heightened scrutiny is not limited to a few bad actors. Hirsch confirmed that the SEC i
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