SEC Nearly Doubles Crypto Enforcement Unit — Regulator Says ‘Crypto Markets H...
The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.” SEC Strengthens Enforcement Division’s Crypto Unit The U.S. Securities and Exchange Commission announced Tuesday that it has nearly doubled the size of the Division of Enforcement’s unit “responsible for protecting....
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The Crypto Assets and Cyber Unit of the SEC’s Enforcement Division, which is tasked with policing cryptocurrency firms, will add 20 people to its staff. The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets. As per the announcement, the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new people for 50 dedicated positions.The SEC stated that the 20 hires would include investigative staff attorneys, trial lawyers and fraud....
Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) slammed the securities watchdog Tuesday for focusing on crypto enforcement. This followed the SEC’s announcement that the agency nearly doubled....
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone Research published a report titled “SEC Cryptocurrency Enforcement: 2021 Update” last week. The report analyzes SEC enforcement activities from July 2013 to December 2021, the company detailed, elaborating: Since the first action in July 2013, the SEC has brought a total of 97....
The Federal Bureau of Investigation (FBI) has launched a new unit to tackle crypto exploitation. The new team will work with the National Cryptocurrency Enforcement Team of the Department of Justice (DOJ) to combat “the criminal misuse of cryptocurrencies.”
FBI Establishes New Crypto Unit; DOJ Appoints First Director for National Cryptocurrency Enforcement Team
The Federal Bureau of Investigation (FBI) has launched a new crypto unit. According to an announcement by the U.S. Department of Justice (DOJ):
The FBI’s new Virtual Asset Exploitation Unit [is]....
The Korea Financial Intelligence Unit (KoFIU) has decided to pursue some crypto firms that lack proper regulatory approval. A total of 16 firms have been in the regulator’s radar as they have not aligned with the regulatory approval. These firms had advertised crypto and and had offered the services to the Koreans without having appropriate […]