David Hirsch, head of the SEC's crypto assets and networks division, said the agency's efforts to enforce securities laws in the cryptocurrency space show no signs of slowing down.。

Compliance Issues in the Cryptocurrency Industry

Speaking at the Central Securities Enforcement Forum in Chicago, Hirsch stressed that following the recent targeting of Coinbase Inc..Following the legal action taken by Binance, the SEC is committed to reviewing cryptocurrency exchanges and the Decentralized Finance (DeFi) project.。

Hirsch's law enforcement office has been unusually active, and he has made it clear that they are actively investigating other companies engaged in activities similar to those of Coinbase and Binance.。He noted that compliance issues within the industry are not limited to these two entities.。

"We will continue to make these allegations," Hirsch said, stressing the SEC's determination.。He mentioned that the agency has several other businesses that operate similarly to the exchanges mentioned above.。

SEC law enforcement changes

The SEC has stepped into complex cryptocurrency-related cases in federal court and acknowledged that success is not always guaranteed, as evidenced by the ongoing appeal of the Ripple case.。

Hirsch stressed that the SEC's interest in the cryptocurrency space is not limited to high-profile exchanges.。"We will continue to treat intermediaries positively," he said.。

"It may be that a broker, dealer, exchange, clearing house or any other person active in this area, within our jurisdiction, has failed to meet its obligations, whether through registration or failure to provide adequate or complete disclosure."。"

In addition, Hirsch made it clear that the DeFi project would not escape SEC scrutiny.。"We will continue to investigate, we will remain active in the field, and the DeFi tag will not stop us from continuing our work," he said.。

The SEC's approach to cryptocurrency enforcement is very different from its traditional approach, which often involves misconduct against regulated businesses (usually large Wall Street firms with significant legal resources) that will soon need to settle.。

However, cryptocurrency companies facing charges that could threaten their survival are more likely to fight the SEC in court.。

One challenge the SEC faces in this area is its limited enforcement budget, which often pales in comparison to the financial giants it typically faces, limiting its ability to aggressively pursue cases。

Hirsch acknowledged the restriction and said: "We do have a lot of litigation going on.。"

The SEC's steadfast approach to cryptocurrency exchanges and the DeFi project demonstrates its commitment to regulation in the evolving digital asset landscape, setting the stage for an ongoing legal battle and potentially shaping the future of cryptocurrency regulation in the United States.。