Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Marvie Basilan

SEC Enforcement Head Slams 'Significant Non-Compliance' In Crypto Sector

The SEC's Enforcement chief slammed widespread non-compliance in the sector and criticized "unlawful tactics" used by influencers to advertise cryptocurrencies. (Credit: Bybit/flickr.com)

KEY POINTS

  • Grewal noted that there were 'many, many creative attempts' by industry players to avoid being regulated
  • He blasted the 'decade's worth of verbal gymnastics' that only distract the world from real crypto-related issues
  • The SEC recently scored a win in its Coinbase lawsuit as a judge ruled that it will proceed to trial

Nearly three months since the U.S. Securities and Exchange Commission (SEC) made the historical move of approving 11 spot Bitcoin exchange-traded funds (ETFs), some of the regulator's leaders still have a negative view of the cryptocurrency industry.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.