In a stern declaration that has sent shockwaves through the crypto industry, David Hirsch, the United States SEC crypto enforcement chief, has issued a clear warning that more punishment and charges are imminent. Hirsch’s message comes at a time when the Securities and Exchange Commission (SEC) grapples with a multitude of pressing issues, but his unequivocal statement leaves no doubt that the regulatory body still has plenty of ammunition in its arsenal when it comes to the crypto space.

Speaking at the Securities Enforcement Forum Central in Chicago, Hirsch unveiled the SEC’s forthcoming strategy, emphasizing that the agency is gearing up to bring forth new charges against various players in the crypto arena. This includes crypto exchanges, brokers, dealers, and others who fail to comply with proper disclosures or registration requirements. In the eyes of the regulator, compliance is non-negotiable.

It is important to note that the SEC’s investigation and scrutiny extends beyond a few bad actors. Hirsch confirmed that the agency is actively investigating firms engaged in activities similar to those that recently led to legal actions against industry giants, Binance and Coinbase. His declaration leaves no room for ambiguity—the SEC is resolute in its mission to hold the entire crypto industry accountable.

Furthermore, Hirsch stressed that the SEC will not limit its focus to crypto exchanges only. Decentralized finance (De-Fi) projects will also face intensified scrutiny. Hirsch made it clear that investigative efforts will extend to the De-Fi sector, underscoring the agency’s unwavering commitment to thorough examination.

Even amidst the rapid growth and innovation witnessed in the De-Fi space, the SEC’s increased vigilance in this area sends a strong signal—a determination to ensure that even the most groundbreaking corners of the crypto world adhere to regulatory standards.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The NFT and cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions.