'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal By Cointelegraph

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'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal

Published Sep 09, 2022 01:00PM ET Updated Sep 11, 2022 03:20PM ET

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'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal

Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission, said the financial regulator will continue to investigate and bring enforcement actions against crypto firms, despite the narrative of “picking winners and losers” and “stifling innovation.”

In written remarks for a Friday program hosted by the Practising Law Institute, Grewal pushed back against criticism that the SEC “somehow unfairly targeted crypto” in its enforcement actions when compared with those against financial products or traditional markets. He also hinted that the SEC had a responsibility to many “non-White and lower-income investors” drawn to crypto projects, who may feel as though the financial system and its regulators “failed, or simply ignored, them."

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'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal

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