Crypto: SEC Unveils Crime Fighting Unit

SEC Launches Cyber and Emerging Technologies Unit to Combat Crypto Crime

• The SEC has established a new Cyber and Emerging Technologies Unit to address crypto-related crime.
• This unit will replace the existing Crypto Assets and Cyber Unit.
• Around 30 fraud specialists and lawyers from the SEC will staff the new unit.
• Laura D’Allaird, known for her work on the Kik Interactive case, will lead the unit.
• Last year, the SEC secured $4.5 billion in penalties from a single case against Terraform Labs.

The newly formed Cyber and Emerging Technologies Unit, led by Laura D’Allaird, aims to tackle fraud in blockchain technology, cryptocurrencies, and artificial intelligence with a team of approximately 30 experts.