In early June, the Securities and Exchange Commission (SEC) said it has no plans to relax its oversight regime for cryptocurrency companies.
In an interview with CNBC, SEC Chairman Gary Gensler said that digital assets should be subject to the Securities Exchange Act.
The regulator’s tough stance was reiterated this week by David Hirsch, who heads the SEC’s cybersecurity division. He emphasized that in the near future the regulator plans to press on DeFi protocols and cryptocurrency exchanges.
Moreover, the expert did not rule out that the SEC may initiate new lawsuits against several cryptocurrency companies and individuals.
The most high-profile processes were the SEC lawsuits against Binance and Coinbase, filed in the early summer of 2023.
The regulator accused these exchanges of listing tokens that it categorizes as unregistered securities.
Another major development was the lawsuit against Ripple. The cryptocurrency company recently achieved partial success in this lawsuit.