"SEC Chief Gensler Addresses Bitcoin Fraud and ETF Reviews at Securities Enforcement Forum"

In a speech at the 2023 Securities Enforcement Forum, the Chair of the Securities and Exchange Commission (SEC) emphasized the agency's commitment to combatting fraud and misconduct in the securities markets. The Chair highlighted the importance of economic realities in enforcing securities laws, stating that most crypto assets likely meet the definition of an investment contract and are subject to regulation. The SEC's enforcement program focuses on five themes: economic realities, accountability, high-impact cases, process, and positions of trust. The Chair also emphasized the need for cooperation, fairness, and holding individuals and firms accountable to maintain trust in the markets.