SEC Enforcement Director to Step Down by End of Year
Enforcement Director Stephanie Avakian led SEC investigations during the heart of its ICO crackdown.
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Berger presided over the enforcement division when it launched the Ripple suit.
The Commodity Futures Trading Commission (CFTC) said on Tuesday Division of Enforcement Director James McDonald will depart the agency this Thursday, Oct. 8. McDonald has served as director of Enforcement since April 2017.
The SEC has appointed New Jersey Attorney General Gurbir S. Grewal as the Director of the Division of Enforcement. The United States Securities and Exchange Commission has appointed New Jersey Attorney General Gurbir S. Grewal as Director of the Division of Enforcement. The appointment will be effective from July 26, with the SEC adding the veteran prosecutor to its ranks to play a key role in regulating financial markets in the U.S. “He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time. I look forward to working....
The SEC enforcement director said the commission "will continue to bring actions regardless of what label is used or technology is involved," including cryptocurrencies. Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission, said the financial regulator will continue to investigate and bring enforcement actions against crypto firms, despite the narrative of “picking winners and losers” and “stifling innovation.”In written remarks for a Friday program hosted by the Practising Law Institute, Grewal pushed back against criticism that the SEC “somehow....
U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets. Taxing Crypto Transactions to Fund US Infrastructure Plan The White House announced Wednesday that President Joe Biden and a bipartisan group of lawmakers have agreed on the details of “a once-in-a-generation investment” in the U.S. infrastructure. The bill will be taken up in the Senate for consideration, the White House stated, adding that “In total, the deal includes $550 billion in....