SEC's crypto chief: DeFi projects do not escape our attention!

David Hirsch says that DeFi altcoin projects will not escape the attention of the enforcement unit. In this regard, he says, "We will continue to conduct investigations. We will be active in this area. Moreover, adding the DeFi label will not be something that will deter us from continuing our work."
The U.S. securities regulator was previously accustomed to a relatively calm enforcement approach in which it targeted wrongdoing at regulated businesses — often large Wall Street firms with extensive legal departments — and quickly began negotiating settlements. Since accusations against crypto asset companies routinely threaten their existence, they tend to take the agency to court.
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