Regulatory Series on Cryptocurrencies: Chief of SEC Enforcement for Cryptocurrency Steps Down

We have seen cryptocurrency struggle ever since the U.S. SEC (Securities and Exchange Commission) declined the various firms’ attempts to launch a bitcoin ETFs.

While the chief of Securities and Exchange Commission's (SEC) Enforcement for Cryptocurrency and the Cyber Security Unit, Mr. Robert A. Cohen will step down in August after 15 years of long service, as per the sources. He will resign for his role as the executive enforcer for the cyber division established in 2017.

The Cyber division was in charge of securities violations of cryptocurrency and digital assets, furthermore, during his tenure, Cohen administered and investigated a number of cases, including legal prosecutions against the start-up Kik for unregistered $100 million token offerings, as per the official announcement by the SEC.

Amid various such developments, the US regulatory agency (SEC), has constantly shown its meticulous approach by denying the approval of an application filed by Cameron and Tyler Winklevoss, the reputed cryptocurrency investors and the founders of cryptocurrency exchange Gemini, to launch an exchange.