Crypto Market News #SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results – Regulation Bitcoin News #Usa #Miami #Nyc #BitCoin #Ethereum MORE ▶▶

Tip Top Coin website is a website open to the public in all its meanings and interpretations, Tip Top Coin is a website dedicated to anyone who wants to be well-informed about the world of cryptocurrencies and everything about their growth, evaluation, and devaluation in real time by verified sources. If you are interested in publishing your views, news, business, or endeavors and want to have a forum dedicated to you, we invite you to register and post in Tip Top Coin. Don't worry, it's 100% free, 89% without commercial ads (ONLY YOUTUBE ADS CAN BE NOTICED) Tip Top Coin is a website dedicated to information and not selling commercial ads, we do not span your email, nor do we sell your information. Tip Top Coin is a website that works privately thanks to WEBFI NET servers | HOME | TipTopCoin News | TipTopCoin TV | Register | Privacy | Contact | Login | WEBFI |NEWS | MAGAZINE |TECH | LATINO | Twitter |
TTC NEWS
{"ticker_effect":"slide-v","autoplay":"true","speed":3000,"font_style":"normal"}


The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I continue to be impressed with our Division of Enforcement.”

SEC Focused on Enforcement

The U.S. Securities and Exchange Commission (SEC) announced its enforcement results for the fiscal year 2022 on Tuesday.

During that time, the SEC “filed 760 enforcement actions and recovered a record $6.4 billion in penalties and disgorgement on behalf of the investing public,” the regulator explained. The total number of enforcement actions represents a 9% increase over the prior year.

SEC Chairman Gary Gensler opined:

I continue to be impressed with our Division of Enforcement … Enforcement results change from year to year. What stays the same is the staff’s commitment to follow the facts wherever they lead.

The SEC noted that regarding the crypto industry, it announced in May the addition of 20 positions to the renamed Crypto Assets and Cyber Unit (previously called the Cyber Unit), nearly doubling that unit’s staffing. The agency emphasized:

Enforcement remains focused on the rapidly evolving crypto asset securities space.

Staff across the SEC’s Division of Enforcement also continued to investigate potential crypto-related misconduct, leading to several significant enforcement actions, the regulator described. They included charges against Blockfi Lending LLC, charges against 11 individuals for their alleged roles in crypto Ponzi scheme Forsage, and “insider trading charges” against former Coinbase product manager Ishan Wahi and his associates.

Gensler has often been criticized for his enforcement-centric approach to regulating the crypto industry. Following the collapse of crypto exchange FTX, a growing number of lawmakers have called on the SEC to tighten crypto oversight. The SEC chief said the crypto field is “significantly non-compliant.”

Congressman Brad Sherman (D-CA) has urged the SEC to take decisive action to regulate the industry. The White House, Treasury Secretary Janet Yellen, Federal Reserve Vice Chair Lael Brainard, and several U.S. senators have all called for proper crypto oversight. Senator Elizabeth Warren (D-MA) stressed that crypto needs “more aggressive enforcement,” noting that she will keep pushing the SEC to enforce the law.

Tags in this story
Crypto, Crypto regulation, Enforcement, enforcement approach, enforcement report, Gary Gensler, gary gensler enforcement, SEC, sec crypto enforcement, sec crypto regulation, sec division of enforcement, SEC enforcement actions

What do you think about the SEC’s enforcement-centric approach to regulation? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

Name Price24H (%)
Bitcoin (BTC)
$16,512.29
-0.84%
Ethereum (ETH)
$1,214.51
-0.62%
Tether (USDT)
$1.00
-0.02%
BNB (BNB)
$315.78
2.07%
USD Coin (USDC)
$1.00
0.04%
Binance USD (BUSD)
$1.00
-0.06%
XRP (XRP)
$0.401667
-2.68%
Dogecoin (DOGE)
$0.089989
-4.56%
Cardano (ADA)
$0.316232
-1.31%
Polygon (MATIC)
$0.85
-1.64%
Polkadot (DOT)
$5.35
0.13%
Lido Staked Ether (STETH)
$1,191.81
-0.78%
Litecoin (LTC)
$77.57
2.11%
Shiba Inu (SHIB)
$0.000009
-2.63%
OKB (OKB)
$21.18
-0.37%
Dai (DAI)
$1.00
-0.40%
Solana (SOL)
$14.22
-1.25%
TRON (TRX)
$0.053183
-0.44%
Uniswap (UNI)
$5.54
0.47%
LEO Token (LEO)
$4.16
6.23%
Avalanche (AVAX)
$12.82
-2.55%
Wrapped Bitcoin (WBTC)
$16,426.12
-0.75%
Cosmos Hub (ATOM)
$10.22
0.36%
Ethereum Classic (ETC)
$20.06
-2.69%
The Open Network (TON)
$1.72
0.03%
Monero (XMR)
$137.83
0.03%
Stellar (XLM)
$0.089294
-1.50%
Bitcoin Cash (BCH)
$112.92
-2.14%
Quant (QNT)
$120.35
0.65%
Algorand (ALGO)
$0.243817
-0.91%
Cronos (CRO)
$0.064830
-1.44%
Filecoin (FIL)
$4.42
1.71%
ApeCoin (APE)
$3.87
16.90%
VeChain (VET)
$0.019054
-1.14%
NEAR Protocol (NEAR)
$1.62
-3.57%
Hedera (HBAR)
$0.049882
-1.02%
Flow (FLOW)
$1.14
-0.19%
Frax (FRAX)
$1.00
-0.27%
Internet Computer (ICP)
$3.98
0.24%
MultiversX (Elrond) (EGLD)
$44.06
2.88%
EOS (EOS)
$0.94
-0.37%
Terra Luna Classic (LUNC)
$0.000160
-0.99%
Chiliz (CHZ)
$0.173862
-2.23%
Huobi (HT)
$7.07
4.56%
Theta Network (THETA)
$0.92
-1.08%
Pax Dollar (USDP)
$1.00
0.05%
Chain (XCN)
$0.042254
-1.31%
Tezos (XTZ)
$0.99
-1.56%
The Sandbox (SAND)
$0.57
0.00%

Add a Comment

error: WEBFINET website Protection and Privacy for Publishers. This content may not be opened or copied.