0
0
News

SEC's Crypto Enforcement Unit Gets Rebranded

Meet the 'Cyber and Emerging Technologies Unit.'
0
0
Feb 20, 20251 min read

In a significant shift, the SEC's crypto-focused enforcement unit has been rebranded to focus on broader emerging technologies, further indicating the agency's evolving approach towards the crypto industry.

What’s the Scoop?

  • Rebranding Initiative: The SEC has renamed from 'Crypto Assets and Cyber Unit' to 'Cyber and Emerging Technologies Unit', indicating a shift away from an aggressive stance specifically targeting crypto.
  • Leadership Change: Acting Chairman Mark Uyeda, appointed by former President Trump, has shifted the focus towards facilitating innovation while continuing to protect investors.
  • Crypto Task Force: A new 'Crypto Task Force' has been formed under Republican Commissioner Hester Peirce, tasked with addressing fraud involving blockchain and crypto assets.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.