Law360 (August 19, 2021, 5:12 PM EDT) — The U.S. Securities and Change Fee introduced three enforcement actions regarding digital property in fast succession in per week, underlining that the Division of Enforcement is as dedicated to crypto enforcement beneath SEC Chair Gary Gensler because it was beneath former Chair Jay Clayton.
These actions come on the heels of Gensler’s Aug. 3 speech earlier than the Aspen Safety Discussion board. Gensler’s views had been clear: “Proper now, we simply do not have sufficient investor safety in crypto. Frankly, at the moment, it is extra just like the Wild West.”
Many digital tokens are unregistered securities as a result of they’re funding contracts beneath the check the U.S. Supreme…
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