Laura d’Allaird has been named head of the new crypto watchdog of the US Securities and Exchange Commission, the SEC said in a new announcement.
The SEC says that the new Cyber and Emerging Technologies Unit (CETU) will replace the old crypto assets and cyber unit.
CETU says that the “misconduct” will fight with regard to effects in the field of emerging technologies fraud, social media and dark web fraud, hacking, takeovers of brokerage accounts, crypto fraud, cyber security compliance and cyber security fraud.
D’Allaird is a lawyer who has served as a senior adviser in the Cyber Unit department of the Cyber Unit.
Said acting chairman Mark T. Uyeda of the new unit,
“It is important that the new unit will also enable the SEC to use enforcement sources of judgments.
The unit not only protects investors, but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow. It will eradicate those who want to abuse innovation to harm investors and reduce trust in new technologies. “
One of CETU’s objectives will be to combat crypto fraud by supplementing the work of the Crypto Task Force of the SEC, led by Commissioner Hester Pierce.
Earlier this week, Pierce sent a warning to Memecoin traders – if things go wrong, the SEC may not save them.
“Only because there is something that is there and it is popular does not mean that it fits within SEC jurisdiction. So I just warn people not to assume that there will be a sec -controlling backstop for everything … “
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