Gnosis (gno) 
SEC Establishes Cyber and Emerging Technologies Unit to Combat Illicit Activities
The U.S. Securities and Exchange Commission (SEC) has launched a new unit, the Cyber and Emerging Technologies Unit (CETU), to protect investors from illicit activities related to cryptocurrency, artificial intelligence, and other emerging digital technologies.
The CETU replaces the former Crypto Assets and Cyber Unit as the agency’s primary digital asset anti-fraud team. Led by Laura D’Allaird, the unit will operate with a team of 30 fraud specialists and SEC attorneys from across the agency.
Key Objectives of the Cyber and Emerging Technologies Unit
The CETU will focus on:
- Protecting investors from illicit activities in the digital asset space
- Facilitating capital formation and market efficiency by promoting innovation
- Rooting out those who misuse innovation to harm investors and diminish confidence in new technologies
“The unit will not only protect investors but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow.” – Mark Uyeda, Acting SEC Chair
SEC’s Shift Towards a More Crypto-Friendly Stance
The establishment of the CETU marks another structural shift at the SEC, which has increasingly adopted a more crypto-friendly stance under President Donald Trump’s administration. Former SEC Chair Gary Gensler, a known crypto skeptic, resigned, and pro-crypto Commissioner Mark Uyeda assumed his duties.
During Uyeda’s tenure, the agency has created a Crypto Task Force, engaged with digital asset industry players, and reassigned its top crypto prosecutor, Jorge Tenreiro. Additionally, the SEC has halted enforcement action against major exchanges like Binance and Coinbase.
Tips for Investors
As the SEC continues to evolve its approach to regulating the digital asset space, investors should:
- Stay informed about regulatory developments and updates
- Be cautious of illicit activities and scams in the digital asset space
- Support innovation and growth in the industry by promoting transparency and accountability
Stay up-to-date with the latest news and developments in the world of cryptocurrency and finance by visiting Global Crypto News.
