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Coin Edition 2025-02-04 11:30:00

SEC Tightens Reins on Enforcement: A Shift Towards Political Control?

SEC’s new policy centralizes enforcement, requiring Commission approval for probes. Stricter oversight may slow investigations but aims to prevent regulatory overreach. Leadership shift signals a potential shift toward a more industry-friendly SEC. The U.S. Securities and Exchange Commission (SEC) has implemented a significant procedural change that alters how enforcement investigations are initiated. Previously, enforcement staff had the authority to issue subpoenas and launch formal investigations without direct oversight from the Commission. However, under the new policy, lawyers at the SEC must now obtain approval from the politically appointed leadership before initiating formal probes. This shift marks a departure from previous enforcement practices and could reshape regulatory actions in the financial sector. Huge change at SEC. Gensler's harassment campaign only worked because crypto companies felt obligated to respond to "requests for information" since refusal meant a subpoena. Now no subpoenas without a vote by Commissioners who are majority opposed to regulation by enforcement. https://t.co/oohyMwlHPs — Jake Chervinsky (@jchervinsky) February … The post SEC Tightens Reins on Enforcement: A Shift Towards Political Control? appeared first on Coin Edition .

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