US lawmaker criticizes SEC enforcement director for not going after 'big fish' crypto exchanges
In a Tuesday hearing before the House Committee on Financial Services, Sherman said SEC enforcement director Gurbir Grewal needed to show “fortitude and courage” when pursuing securities cases against cryptocurrency exchanges in the United States.
Grewal responded that he was unable to specify if the SEC enforcement division was investigating any crypto exchanges, but referred to a case brought against Poloniex in August 2021 for trading cryptocurrencies deemed securities to U.S. investors on its platform between July 2017 and November 2019. Sherman countered that the crypto trading platform was a “small fish” among other major exchanges, likely referring to Kraken, Coinbase, and Binance US.
Source
https://t.me/DeFi_Ethereum
