Chief of Crypto Enforcement at U.S. SEC Warns of Upcoming Charges Against Exchanges and DeFi
David Hirsch, head of the SEC's Crypto Assets and Cyber Unit, warns of upcoming charges against crypto exchanges and DeFi.
This is in addition to recent charges against Coinbase and Binance for allegedly breaking securities laws.
Hirsch claims the SEC is investigating other firms engaged in similar activities.
He states the SEC will remain active in going after intermediaries like exchanges and brokers.
DeFi projects will also face scrutiny and enforcement actions.
The SEC has limited resources compared to the number of crypto tokens and platforms.
They are currently at capacity with multiple ongoing crypto litigation cases.
Crypto companies frequently sue the SEC as charges threaten their existence.
The SEC takes a measured approach with enforcement focused on big Wall Street firms.
For the latest crypto news and analysis, subscribe to Diginewsfeed.com.