The U.S. Securities and Exchange Commission (SEC) announced that it has allocated 20 additional positions to the Crypto Assets and Cyber Unit to protect …
The U.S. Securities and Exchange Commission (SEC) announced that it has allocated 20 additional positions to the Crypto Assets and Cyber Unit to protect investors in the cryptocurrency markets against fraud and related abuse. As more investors access crypto markets, it becomes “increasingly important” to dedicate more resources to protect them, SEC chair Gary Gensler said in a May 3 press release. The addition of new positions takes the total number of posts at the crypto unit to 50 and will bolster ranks of its investigative staff attorneys, fraud analysts, trial counsels, and supervisors at the SEC’s headquarters in Washington as well as other regional offices. “The Division of Enforcement’s Crypto Assets and Cyber Unit has successfully brought dozens of cases against those seeking to take advantage of investors in crypto markets,” Gensler said.
