The U.S. Securities and Exchange Commission (SEC) has established the Cyber and Emerging Technologies Unit (CETU) to combat cyber fraud and misconduct in digital asset markets.
This new unit replaces the Crypto Assets and Cyber Unit and will focus on regulatory enforcement related to blockchain technology, artificial intelligence (AI), and cybersecurity compliance.
CETU will be led by Laura D’Allaird and will consist of 30 specialists dedicated to addressing fraudulent activities in the digital space. The unit aims to enhance oversight in the rapidly evolving financial technology sector, ensuring that AI and blockchain are not exploited to mislead investors or manipulate markets.
The SEC emphasized that CETU will play a crucial role in enforcing securities laws related to digital assets and will work closely with other regulatory bodies, including the Crypto Task Force overseen by Commissioner Hester Peirce. Acting SEC Chairman Mark T. Uyeda highlighted that this initiative will not only protect investors but also foster a fair and transparent market environment that encourages responsible innovation.
As digital assets and AI technologies continue to reshape the financial landscape, the SEC remains committed to preventing fraudulent activities while balancing regulatory oversight with technological advancement. The formation of CETU signals an increased focus on cybersecurity and fraud prevention in the digital asset space.
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