SEC to combat crypto fraud with new unit

The American Securities and Exchange committee has unveiled a new unit dedicated to the protection of investors against illicit activity linked to cryptocurrency, artificial intelligence and other emerging digital technologies.

Nicknamed the Cyber ​​and Emerging Technologies unit, this replace The former cryptographic asset and the cyber unit as an anti-fraud team of the agency’s digital assets.

Cetu will operate with a team of 30 fraud specialists and lawyers from the whole agency, according to a press release published on February 20. Laura d’Issiard will direct the unit and work in close collaboration with the working group on the Crypto de la SEC, led by Commissioner Hester Peirce.

Lastaver has previously co -of -the -dry cryptographic active ingredients and the cyber unit alongside Mark Sylvester. It is not yet known if Sylvester will have a role in the new division or if the agency plans to include it at all.

The unit will not only protect investors, but will also facilitate capital training and market efficiency by paving the way for the growth of innovation. He will disentangle those who seek to abuse innovation to harm investors and reduce confidence in new technologies.

Mark Uyeda, president of the acting dry

The replacement of the previous crypto misconduct unit of the agency marks another structural change to the dry. Since the return of President Donald Trump, the Commission has increasingly adopted a more friendly cryptographic position. The former president of the SEC, Gary Gensler, a known crypto skeptic, resigned and the pro-Crypto Commissioner Mark Uyeda assumed his homework.

During the mandate of Uyeda, the agency created A crypto working group, engaged The actors of the digital asset industry like Jito Labs on Ethereum Slake, and reassigned His best crypto prosecutor, Jorge Tenreiro.

In addition, the SEC has interrupted implementing measures against Binance and Coinbase. The Administration of Gensler continued the two exchanges in 2023, alleging offers of non -registered securities and federal violations. Under the Trump administration, the SEC also provides for the measures to apply cryptography and provide clearer regulatory directives for the digital asset industry.