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‘We had to change strategies,' says SEC enforcement director on recent actions: Report

Published Jun 16, 2023 04:30PM ET Updated Jun 16, 2023 06:00PM ET
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Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions.

According to a June 16 Reuters report, Grewal spoke at an event hosted by law firm Lowenstein Sandler and Rutgers University Law School in New York, which also featured Coinbase (NASDAQ:COIN) chief policy officer Faryar Shirzad. The SEC enforcement director reportedly said the commission had worked “thoughtfully and incrementally” for actions related to the crypto space, but this approach had failed to address what the regulator considered unregistered securities offerings.

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‘We had to change strategies,' says SEC enforcement director on recent actions: Report
 

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jason xx
jason xx Jun 17, 2023 10:04AM ET
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Its congress fault they have had 10 years to act and they do nothing
 
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