Gurbir Grewal, director of the U.S. Securities and Exchange Commission's Division of Enforcement. (Photo: David Handschuh/ALM) SEC Enforcement Chief Defends Crypto Actions as 'Consistent,' 'Principled'
"[E]very lawyer here knows what the test is to determine whether a crypto asset was offered and sold as an investment contract, and therefore a security: It's the Howey test," said Gurbir Grewal.
April 03, 2024 at 04:33 PM
3 minute read
The U.S. Securities and Exchange Commission's enforcement chief on Wednesday defended the agency's actions against cryptocurrency firms as "consistent" and "principled" amid criticism that the SEC has unfairly targeted bitcoin.
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