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CryptoIntelligence 2024-04-07 08:48:00

SEC Enforcement Director Defends Crypto Regulation Approach Amid Industry Criticism

Gurbir Grewal, the SEC’s Enforcement Division Director, recently defended the agency’s approach to cryptocurrency regulation, emphasizing consistency in their enforcement actions. During an SEC Speaks event on April 3, Grewal responded to critiques that the SEC is formulating crypto rules on the fly. He highlighted the “creative attempts” by crypto companies to evade SEC oversight in the U.S., countering claims that the SEC is overstepping its authority or engaging in arbitrary enforcement. Using the sentencing of Sam Bankman-Fried, the ex-CEO of FTX, as a cautionary tale, Grewal underscored the consequences of lax regulatory enforcement. Bankman-Fried was sentenced to 25 years

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