According to a recent report by the global law firm Norton Rose Fulbright, the US Securities and Exchange Commission (SEC) is set to step up its enforcement approach to the nascent crypto industry in 2024.
The report emphasizes that the SEC will continue its “aggressive pursuit” of cases and enforcement actions related to unregistered offerings, non-fungible tokens (NFTs), and unregistered exchanges, further solidifying its regulatory crackdown in the crypto space.
Crypto Industry Faces Regulatory Storm
One of the primary areas of focus for the SEC involves bringing enforcement cases against digital asset platforms. The SEC argues that certain tokens sold on these platforms qualify as “securities,” aiming to subject these markets to regulatory requirements about broker-dealers and exchanges.
The report highlights the SEC’s determination to subject digital assets to existing securities laws, signaling a need for compliance and regulatory preparedness within the
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