• February 27, 2024

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The Securities and Exchange Commission Plans to Strengthen its Crypto Investor Protection Division

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The Securities and Exchange Commission (SEC) has allocated 20 additional positions to the unit responsible for protecting investors in the crypto markets and from cyber threats.

The number of employees of the Crypto Assets and Cyber ​​Unit as part of the law enforcement department will now reach 50 people.

The SEC Chairman Gary Gensler has said:

“The US has the largest capital markets because investors believe in them, and as access to crypto markets expands, it is increasingly important to devote more resources to protecting them.”

According to the press release shared by the regulator, the expanded division will focus on securities law violations related to offer and exchange of crypto assets, lending and staking products, DeFi platforms, non-fungible tokens and stablecoins.