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SEC Crypto Cops Tap Big Four Muscle—EY Joins Regulatory Crackdown
SEC Crypto Cops Tap Big Four Muscle—EY Joins Regulatory Crackdown
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Wall Street’s watchdog just got a sharper bite. The SEC’s crypto task force—fresh off its lawsuit spree—is now leaning on Ernst & Young’s blockchain forensics team to track down the ’creative accounting’ the industry’s known for.
Why it matters: When regulators bring in the audit giants, someone’s about to get a very expensive subpoena. EY’s tools can trace mixed funds through tornado cash—good luck explaining that ’misplaced’ stablecoin reserve.
The punchline? This partnership dropped the same week three ’decentralized’ projects magically rebranded as ’AI-powered Web3 protocols.’ Coincidence—or calculated survival move?
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