SEC director says ‘nothing has changed’ for crypto enforcement, TC says

At an event at the Rutgers University’s School of Law, the U.S. Securities and Exchange Commission director of enforcement, Gurbir Grewal, said during an interview, that as the agency reviews the crypto industry, it is “not concerned with labels or technology, but whether securities are being sold in a format that adheres to existing laws,” wrote Jacquelyn Melinek for Tech Crunch. “When we look underneath the hood, when we kick the tires, we’ve seen plenty of DeFi products fraudulent, “said Grewal during the interview, according to Tech Crunch. Companies in the space include: Coinbase (COIN), Ethereum ($ETH), Riot Platforms (RIOT) and Canaan (CAN).