The director of SEC enforcement action denies the crypto criticism.
After SEC’s action against Coinbase and Binance, the crypto market has fallen down.
As per the Reuters, it is said the United States Securities and Exchange Commission (U.S. SEC) has refused the crypto breakdown criticism and condemned the securities laws which are breached, on Friday.
In New York, Gubir Grewal, the chief director of SEC enforcement stated that this criticism is imposed as the failure of crypto firms are scrutinized without following the regulations. He also added:
“We have worked thoughtfully and incrementally in this space.”
“Typically you’d also see compliance but we’re not seeing that in this space, so we had to change strategies.”
It is noted that the Securities Exchange Commission claimed that the scrutinized crypto firms are unregistered securities with illegal brokerage and exchanges.
Reason Behind The Criticism
Crypto companies such as Coinbase and Binance have been sued due
We współpracy z: https://thenewscrypto.com/sec-news-chief-opposes-crypto-cracking-criticism/
