The Crypto Roundup: 20 September 2023 | CryptoCompare.com

David Hirsch, head of the U.S. Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, has said the regulator is set to keep on chasing down cryptocurrency exchanges and decentralized finance (DeFi) projects it sees as violating securities laws.

Speaking at the Securities Enforcement Forum Central in Chicago, Hirsch noted that his unit, which has been litigating at an unusual pace for the SEC, is aware of and investigating other businesses believed to be operating in the same vein as major cryptocurrency exchanges Binance and Coinbase.

Earlier this year, the SEC filed lawsuits against both Binance and Coinbase, accusing both platforms of violating securities laws. Per Hirsch, the crypto industry’s compliance breeches “hold true well beyond any two entities.”

While the SEC is embroiled in a number of legal battles in federal courts over its actions against cryptocurrency businesses, Hirsch said the regulator is going to “continue to bring those charges,” and has a number of other businesses on its radar.

Per his words, the SEC’s interest in the cryptocurrency space goes beyond high-profile cryptocurrency exchanges, while DeFi projects won’t escape the enforcement division’s attention as well.

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• Source: https://www.cryptocompare.com/email-updates/daily/2023/sep/20/