[Director of the U.S. SEC Enforcement Division calls for stronger cryptocurrency regulation] Golden Finance reported that Gurbir S. Grewal, director of the U.S. Securities and Exchange Commission (SEC) Enforcement Division, discussed cryptocurrency regulation at a seminar held by the William and Mary College of Business School Law Review earlier this month. He stressed the need to enforce federal securities laws in the evolving cryptocurrency market. Grewal noted that the principled definition of securities in the 1946 Supreme Court ruling in SEC v. Howey still applies to new investment schemes, including crypto assets. The U.S. SEC director highlighted the significant investor losses caused by fraudulent crypto activities and stressed the urgent need to address these hazards. He pointed out that numerous charges have been filed against issuers who conduct unregistered and deceptive offerings. Grewal emphasized that innovation and compliance with securities laws are not mutually exclusive, and securities regulators are committed to working with cryptocurrency entrepreneurs to ensure compliance while promoting technological progress. Finally, he emphasized the need for strong law enforcement to maintain public trust, protect investors, and enhance confidence in financial markets by holding violators accountable and cultivating a culture of compliance.