Law360 (August 19, 2021, 5:12 PM EDT) — The U.S. Securities and Exchange Commission brought three enforcement actions concerning digital assets in rapid succession in a week, underlining that the Division of Enforcement is as committed to crypto enforcement under SEC Chair Gary Gensler as it was under former Chair Jay Clayton.
These actions come on the heels of Gensler’s Aug. 3 speech before the Aspen Security Forum.[1] Gensler’s views were clear: “Right now, we just don’t have enough investor protection in crypto. Frankly, at this time, it’s more like the Wild West.”[2]
Many digital tokens are unregistered securities because they are investment contracts under the test the U.S. Supreme…
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