SEC Unveils Unit for Crypto Misconduct

SEC Establishes Cyber and Emerging Technologies Unit

• The U.S. SEC has formed the Cyber and Emerging Technologies Unit (CETU) to address fraud in cyber and emerging technologies.
• Laura D’Allaird is appointed as the chief of CETU, which includes about 30 fraud specialists and attorneys.
• The unit will focus on securities transaction misconduct, misuse of AI, fraudulent social media schemes, and blockchain-related fraud.
• CETU will work with the Crypto Task Force to enhance enforcement efforts.
• The unit also aims to ensure compliance with cybersecurity regulations among financial firms and public issuers.

The SEC’s new CETU is designed to protect investors from cyber-related fraud while promoting innovation and ensuring compliance with cybersecurity regulations. Laura D’Allaird leads a team of approximately 30 experts focusing on various forms of digital asset misconduct.