SEC Establishes New Unit for Cryptocurrencies: Will Fight! - Coin Bulletin

The US Securities and Exchange Commission (SEC) established the Cyber and Emerging Technology Unit (CETU) to protect retail investors and combat cybercrimes.

The US Securities and Exchange Commission (SEC) has established the Cyber and New Technologies Unit (CETU) to protect retail investors and combat cybercrime. The new unit, led by Laura D'Allaird, will replace the Crypto Assets and Cyber Unit and will consist of approximately 30 experts and attorneys.

(# Specific precaution against cryptocurrency fraud

SEC's new unit CETU will focus on frauds conducted with emerging technologies such as artificial intelligence, machine learning, and blockchain technologies, especially with its expertise in the cybersecurity and fintech fields. Frauds committed through social media, dark web, and fake websites, as well as crimes involving blockchain and crypto assets, will be addressed.

SEC Acting Chair Mark T. Uyeda stated that the new unit will not only protect investors but also enhance market transparency and rebuild confidence in new technologies. CETU will provide a strong regulatory mechanism to prevent investor harm and develop innovative solutions.

The new unit will also play an active role in areas such as compliance with cybersecurity rules and ensuring the compliance of public companies with cybersecurity reporting requirements.