The Impact of the SEC’s Regulation by Enforcement

This article delves into the SEC’s authority to govern digital assets, where that authority comes from, and how it has implemented a “regulation by enforcement” type approach. In reviewing 3 of the highest profile cases in the crypto industry, the article describes what happened in each to date, and what impact the results may have on the industry going forward.

By Kyle Lawrence^[1]

The United States Securities and Exchange Commission (“SEC”) has become the pivotal regulatory author