The SEC chief, in his speech, reiterated his earlier stance on crypto, claiming a majority of the crypto market falls under the securities bracket and thus must be governed under the same law.
Gensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $930 million to harmed investors.before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the crypto community on social media, where Gensler noted, “Don’t get me started on crypto.
Gensler added that the SEC had filed lawsuits against 40 firms for violations of various rules and regulations since December 2021, leading to more than $1.5 billion in penalties. Gensler revealed that the SEC settled recordkeeping-related charges with 23 firms in the last fiscal year alone.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC’s Gensler Won’t Say What’s Next With Bitcoin ETFs After Grayscale LossJesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Read more »
SEC's Gensler Vows Strong Enforcement Against Crypto WrongdoersThe Securities and Exchange Commission filed 3% more enforcement actions in its just-completed fiscal year.
Read more »
SEC's Gensler stays true to form, uses Wednesday speech to say crypto is full of 'fraud, scams, bankruptcies and money laundering'SEC Chair Gary Gensler is standing firm that many cryptocurrencies fall under the securities laws despite pushback from the industry.
Read more »
Plan to close Gary middle schools unpopular; several people walk out during meetingMany in the large crowd of Gary residents voiced skepticism and concern Tuesday over a proposal to shutter Bailly and Gary middle schools next year and route seventh and eighth graders to the West Side Leadership Academy, the district’s lone high school.
Read more »
Gary Hoberman - Forbes Technology CouncilGary Hoberman's stories.
Read more »
Joe Buck, Gary Cohen, Dan Shulman among Hall of Fame's Frick Award finalistsJoe Buck, Gary Cohen and Dan Shulman are among the finalists for the Hall of Fame’s Ford C. Frick Award for excellence in baseball broadcasting. Joe Castiglione, Jacques Doucet, Tom Hamilton, Ernie Johnson Sr., Ken Korach, Mike Krukow and Duane Kuiper are also finalists.
Read more »