The U.S. Securities and Exchange Commission (SEC) has announced the formation of the Cyber and Emerging Technologies Unit (CETU), replacing its previous Crypto Asset and Cyber Unit. This new 30-person unit aims to combat fraud in the cryptocurrency sector and protect retail investors from misconduct in emerging technologies. Led by Laura D’Allaird, who previously worked on the SEC's lawsuit against Kik Interactive, CETU will address issues related to blockchain, artificial intelligence scams, and social media pump-and-dump schemes. This restructuring reflects a shift in the SEC's enforcement strategy under its evolving leadership, focusing on a broader range of cyber-related misconduct while still promoting innovation in digital assets.
SEC rebrands cryptocurrency unit to focus on emerging technologies. The agency is rebranding a tech-focused unit in a move that some critics worry may be part of a larger shift away from regulating the crypto space. https://t.co/dDNhKZdaAM https://t.co/6qLeCuVSfL
NEED TO KNOW: - SEC Dismisses Its Own Appeal Over Crypto "Dealer Rule." The SEC is already kicking off efforts to unwind Gary Gensler's legacy at the agency. - SEC's Crypto Enforcement Unit Gets Rebranded. Meet the 'Cyber and Emerging Technologies Unit.' - LIBRA Memecoin… https://t.co/pssL9Bz8XN
🚨 CMC News: SEC launches Cyber and Emerging Technologies Unit to fight blockchain fraud. https://t.co/lAjLk4ivs9