The US Securities and Exchange Commission has unveiled a new unit dedicated to save investors from illegal activity tied to cryptocurrency, artificial intelligence and other emerging digital techniques.
Cyber and Emerging Technologies Unit, Cetu Dubbed Instead of Former Crypto property and cyber unit agency’s primary digital asset anti-fraud team.
Cetu will work with a team of 30 fraud experts and SEC lawyers of the agency, according to a press release published on 20 February. Laura will lead the D”Leard Unit and will work closely with SEC’s Crypto Task Force, headed under the leadership of the commissioner. Hester Peerus.
D’Lalaire co-headed SEC’s crypto assets and cyber unit with the first Market Sylvester. It is not clear whether the Sylvester will have a role in the new division or if the agency planned to include it.
The unit will not only protect investors, but will also provide capital formation and market proficiency facilities by cleaning the way innovation. This will root out those wishing to misuse innovation to harm investors and reduce confidence in new technologies.
Mark Uyda, Acting SEC President
Changing the agency’s previous crypto malpractice unit marks another structural change in SEC. Since the return of President Donald Trump, the Commission has rapidly taken a more crypto-friendly stance. Former SEC President Gary Gansler, a known crypto skeptical, resigned, and supporter-crypto commissioner Mark Uyda assumed his duties.
During Uyda’s tenure, the agency created a crypto task force, attached the players of the digital asset industry such as Jeeto Labs on Atherium Stacking, and re -assigned its top crypto prosecutor, George Tenrero.
In addition, the SEC has stopped enforcement action against Binens and Coinbase. Jensor’s administration sued the two exchanges in 2023, alleging unregistered securities offerings and federal violations. Under Trump’s administration, SEC plans to refund crypto enforcement operations and provide clear regulatory guidelines for the digital asset industry.
