US lawmaker criticizes SEC enforcement director for not going after 'big fish...
Representative Brad Sherman said the SEC's enforcement case against Poloniex was like going after "small fish" compared to major exchanges, which may include Kraken and Coinbase. Brad Sherman, the congressperson who previously called for banning cryptocurrencies in the United States, criticized the Securities and Exchange Commission’s (SEC) approach to enforcement among major crypto exchanges.In a Tuesday hearing before the House Committee on Financial Services, Sherman said SEC enforcement director Gurbir Grewal needed to show “fortitude and courage” when pursuing securities cases against....
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U.S. Congressman Brad Sherman has urged the U.S. Securities and Exchange Commission (SEC) to go after major cryptocurrency exchanges that traded xrp, which the regulator deems a security. “It’s easier to go after the small fish than the big fish, but the big fish operating major exchanges did many, many tens of thousands of transactions with xrp,” said the lawmaker.
US Lawmaker Urges SEC to Focus on Major Crypto Exchanges
Congressman Brad Sherman (D-CA), chairman of the House Financial Services Subcommittee on Investor Protection, held a hearing Wednesday to....
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.
A U.K. food co-op is testing blockchain technology to verify that fish providers are not using slave labor, according to The Guardian. The seafood industry is notorious for human rights abuses and illegal fishing. Tesco, the U.K.’s largest supermarket, has stopped using a certain fish provider over the need to ensure it was using sustainable tuna. The blockchain ledger tracks the origins of fish, allowing anyone to see where the fish was caught, processed and sold. It does not stop illegal fishing on its own, but it provides anyone the ability to track the fish through the supply chain.....
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner Hester Peirce criticized her own agency Monday after it announced an enforcement action against cryptocurrency exchange Poloniex. She noted that the SEC’s action against the exchange “doubles down on the Commission’s enforcement-centric approach to crypto.” The securities....
Enforcement Director Stephanie Avakian led SEC investigations during the heart of its ICO crackdown.