SEC Enforcement Chief “We’re Not Giving Crypto A Pass”

The Securities and Exchange Commission is going to continue to aggressively pursue enforcement actions against crypto companies, its lead enforcer told a legal conference in Washington on Sept. 9. 

“We’re not giving crypto a pass” Gurbir Grewal said at a forum hosted by the Practising Law Institute, a legal education nonprofit.

“We will continue to bring actions regardless of what technology is used” Grewal continued, saying that “Non-enforcement of the most fundamental rules underlying our regulatory structure – that would be a betrayal of trust.”

Grewal disputed claims made by the crypto industry that the SEC is limiting innovation

Following Gary Gensler in rejecting the idea that the regulator had provided imprecise instructions, he made his remarks.

Grewal testified before Congress in July and essentially said the same thing. A number of tokens were designated as securities by the SEC when it filed its insider trading action against Coinbase workers.

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