CryptoNews

SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm

Gurbir S. Grewal on the Importance of Crypto Regulation

Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 Supreme Court case SEC v. Howey remains adaptable to new investment schemes, including crypto assets.

The SEC director highlighted significant investor losses from fraudulent crypto activities, emphasizing the need to address these harms urgently. He noted numerous charges against issuers for unregistered and deceitful offerings. Grewal stressed that innovation and compliance with securities laws are not mutually exclusive, and the securities watchdog is dedicated to collaborating with crypto entrepreneurs to ensure adherence while promoting technological advancements. Lastly, he underscored the necessity of robust enforcement to maintain public trust, protect investors, and enhance confidence in financial markets by holding wrongdoers accountable and fostering a culture of compliance.

Source: Bitcoin

Related posts
AI & RoboticsNews

What enterprise leaders can learn from LinkedIn’s success with AI agents

AI & RoboticsNews

Walmart cracks enterprise AI at scale: Thousands of use cases, one framework

AI & RoboticsNews

Nvidia’s ‘AI Factory’ narrative faces reality check as inference wars expose 70% margins

CryptoNews

Binance Founder Declares 0.1 Bitcoin the Future American Dream – Featured Bitcoin News

Sign up for our Newsletter and
stay informed!