The Securities and Exchange Commission has created a unit to protect retail investors from fraud.
The Cyber and Emerging Technologies (CETU) unit, announced by the Commission (SEC) Thursday (February 20), replaces cryptographic assets of the regulator and cyberbullying and will be made up of around 30 fraud and lawyers of several offices dry. It is compared to around 50 people in cryptographic assets and cyber.
The new unit is at the head of the new unit, Laura d’Alus, a lawyer who spent several years with the SEC, including five years as main advisor to the Division of the Application of the SEC under Administrations Trump and Biden.
“Under the direction of Laura, this new unit will complete the work of the working group on the crypto led by Commissioner Hester Peirce. Above all, the new unit will also allow the dry to deploy the application resources judiciously, ”said Mark Uyeda, president of the committee’s actor.
“The unit will not only protect investors, but will also facilitate capital training and market efficiency by opening the way to innovation to develop,” added Uyeda. “It will highlight those who seek to abuse innovation to harm investors and reduce confidence in new technologies.”
According to a dry press release, the CEU will have some priorities, including fraud committed with emerging technologies such as artificial intelligence (AI) and automatic learning (ML), or by the use of social media, of Dark web or “False websites. “”
The unit will also aim for hacking to obtain “non-public material information”, control of the retail brokerage account, fraud involving cryptocurrency assets and blockchain, compliance of regulated entities with the rules and Cybersecurity regulations “and” the fraudulent disclosure of public issuers relating to cybersecurity “.
The announcement is the latest example of changing attitudes towards the crypto under the new administration. During the Biden administration, the SEC launched several surveys on cryptographic companies, including high -level businesses such as Coinbase and Binance, in the midst of a wave of fraud and criminal activities involving asset companies digital.
Finally, cryptographic companies began to seek markets abroad, saying that the United States had become an inhospitable place for its industry. Then came the electoral campaign in 2024, with Donald Trump – who had formerly called Crypto a “scam” – suddenly kissing the sector and obtaining his support in return.
Now, cryptographic companies and legislators call for new legislation that allows innovation in the sector while protecting consumers.
