The battle of SEC and crypto companies: 2023 outline
The SEC has initiated legal actions against multiple crypto entities to address potential violations of securities laws and protect investors. As the deadlines for some of them draw near, let’s recall which are expected to end. Gary Gensler’s SEC has taken legal actions against countless crypto -focused business entities to ensure compliance with its securities laws, aiming to bring the tokens of these projects under its securities umbrella. The SEC claims its actions protect investors from falling victim to potential fraud. US regulator aims to foster stability in the crypto currency industry by enforcing compliance and cracking down on deceptive behavior. However, market participants see the regulator’s efforts as harsh and draconian. You might also like: Mark Cuban calls for simplified SEC crypto regulations SEC vs. Ripple The SEC filed a lawsuit against Ripple Labs and its current and previous CEOs in 2020, alleging they held an initial public offering (IPO) of ...