The head of SEC law enforcement stated that there are "significant violations" in the cryptocurrency industry

On April 3rd, during a two-day "SEC Speech" event hosted by the Institute of Practice Law, Grewal, the head of the agency's law enforcement department, had about 15 minutes of in-depth discussions on the encryption industry. Grewal said, "In the past decade, the SEC has investigated serious violations in the encryption industry and many creative attempts by market participants to evade SEC jurisdiction. The SEC is regulating through law enforcement."