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US SEC Enforcement Chief Hints at Further Crackdown on DeFi and Exchanges
The US Securities and Exchange Commission (SEC) seems to be further determined to chase down crypto exchanges and DeFi firms. David Hirsch, head of the SEC’s Crypto Assets and Cyber Unit, said that the agency found most firms violating the securities laws.
SEC vs. DeFi and Exchanges
His enforcement office, which has been aggressively pursuing cases for the SEC, is aware of and actively investigating other companies engaged in similar activities. Hirsch made it clear that the industry’s compliance breaches extend far beyond just these two entities. He delivered this message on Tuesday during the Securities Enforcement Forum Central held in Chicago. “We’re going to continue to bring those charges,” he added.
Additionally, Hirsch stated that the agency has a number of businesses on its radar operating in a similar way to Binance and Coinbase. The SEC enforcement chief stated that the agency’s
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