"US SEC Launches Dedicated Crypto Division... To Strengthen Enforcement Against Fraud and Illegal Activities"
Minseung Kang
Summary
- The SEC announced plans to launch a new dedicated division to crack down on cryptocurrency fraud and illegal activities.
- This dedicated division will focus on cyber and emerging technologies and plans to strengthen enforcement against fraud and illegal activities in the cryptocurrency market.
- These changes were reported to be aimed at protecting investors as part of increased regulatory oversight of the cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) is establishing a new division focused on cryptocurrencies and is expected to strengthen enforcement against crypto-related fraud and illegal activities.
On the 20th, crypto market insight platform Unfolded reported via X (formerly Twitter) that "the SEC will establish a 'Cyber and Emerging Tech Unit' to address fraud and illegal activities in the cryptocurrency market."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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