EXCLUSIVE U.S. SEC’s enforcement cop says crypto company amnesty is not on the table

By Chris Prentice. February 28, 2022. (Reuters)

The U.S. Securities and Exchange Commission (SEC) will not offer amnesty to cryptocurrency companies that self-report violations of securities laws, although they may face smaller penalties, the agency’s enforcement director told Reuters.

Gurbir Grewal’s first remarks on crypto in an interview provide greater clarity as to how cryptocurrency companies can expect to be treated under the SEC’s new Democratic leadership. The industry has complained that the agency has left it in the dark about how to comply with U.S. rules.

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Since Chairman Patrick McHenry threatened to SUBPOENA Gary Gensler for NON-COMPLIANCE with Congressional oversight.

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