Gensler flexes crypto enforcement record in speech

Securities and Exchange Commission Chair Gary Gensler touted his agency’s enforcement actions against cryptocurrency firms during a speech in New York City, doubling down on legal moves that have roiled the industry. In prepared remarks, Gensler told an audience of lawyers that a famous Aristotelian principle guided the SEC’s enforcement actions.

The SEC is made up of “public servants, cops on the beat, uniting public zeal with unusual capacity,” Gensler said at a securities regulation event hosted by the Practising Law Institute. Gensler also highlighted cases against Allianz Global Investors, Archegos Capital Management and Infinity Q Capital Management. The SEC accused the companies, and some executives, of operating fraudulent schemes. When it comes to clearer rules for digital assets, Gensler said his agency.

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