In a firm stance against the crypto world, SEC Chairman Gary Gensler promised relentless enforcement action, as evidenced by a 3% increase in enforcement cases, and reiterated his position that crypto are securities.
Gensler and the SEC continue their fight for the crypto world: he claims they are securities, citing scams, frauds and bankruptcies
The Securities and Exchange Commission (SEC) is stepping up its efforts to crack down on cryptocurrency-related violations, according to SEC Chairman Gary Gensler.
Gensler recent speech to a meeting of securities lawyers highlighted the SEC commitment to prosecuting crypto violators and the agency’s firm stance on asserting regulatory authority over the cryptocurrency space.
In the fiscal year just ended in September, the SEC saw a significant increase in its enforcement actions, with Gensler noting a 3% increase in enforcement actions filed.
In total, there were more than 780 judicial and administrative proceedings, a significant porti
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