The additions will bring the SEC’s Crypto Assets and Cyber Unit to 50 people, the agency said Tuesday in a statement. The focus of the expanded enforcement group will include virtual-currency offerings, decentralized finance and trading platforms, as well as stablecoins, according to the regulator.
Over the past year, the SEC has moved aggressively to expand oversight of digital-assets with Chair
“By nearly doubling the size of this key unit, the SEC will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity,”
The SEC team, which was previously known as the Cyber Unit, has brought more than 80 enforcement actions since its inception in 2017, the agency said.
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