SEC Dropping Crypto Cases Is No ' Free Pass' for Fraud
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 14 March 2025
⏱️ 22 minutes
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| 0:00.0 | The SEC has been on the tear for the last few weeks since U.S. President Donald Trump |
| 0:08.9 | retook office as the head of the country. |
| 0:11.8 | The SEC has launched a crypto task force, withdrawn from a number of enforcement actions, |
| 0:16.5 | and is otherwise changing its entire approach for how it engages with the digital asset industry. |
| 0:21.7 | My name is Nick Day. |
| 0:22.5 | I'm CoinDusk's managing editor for Global Policy and Regulation. |
| 0:25.6 | Joining us now is SEC Commissioner Hesda Purse, who is heading up this task force. |
| 0:29.9 | Commissioner, thank you for joining us. |
| 0:31.5 | Just to get right into it, it's been, I think, an eventful five weeks now, give or take, since President Donald Trump took the oath of |
| 0:40.3 | office and resumed his presidency. |
| 0:43.6 | Big thing on your world is the new Crypto Task Force, I think, that you're heading up, |
| 0:47.8 | or at least as far as the crypto industry is concerned. |
| 0:50.4 | And just to begin with, I was hoping you could maybe walk through what you've seen and done and heard so far and then where you expect us to go. |
| 0:59.4 | Yeah, let me start by giving you my standard disclaimer, which is that my views are my own views as a commissioner, not necessarily those of the SEC or my fellow commissioners. |
| 1:07.7 | So I think it has been an exciting five weeks. |
| 1:10.4 | And we, I think it has been an exciting five weeks and we I think it was great that |
| 1:16.3 | Chairman Ueda kicked off the task force, decided to give us the ability to think about a lot |
| 1:23.6 | of these issues in a holistic way. And so that's exactly what we're trying to do. |
| 1:29.3 | I think we have been able to get a lot done already, which I'm happy about. |
| 1:36.8 | It's a great team, a lot of really smart people who are working very hard. |
| 1:42.7 | And so I think the goal is to try to think about what can we just carve out |
| 1:49.3 | and say to people, this isn't in our jurisdiction. Congress, if you want to put it in our jurisdiction, |
... |
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