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The SEC launched the Cyber and Emerging Technologies Unit (CETU) to protect retail investors from fraud involving new technologies. CETU will address cybersecurity threats, AI-driven scams, market manipulation, and regulatory concerns affecting blockchain and crypto innovation. The US Securities and Exchange Commission (SEC) has launched the Cyber and Emerging Technologies Unit (CETU), bringing them back into the spotlight. With a larger mandate and a new emphasis on digital security, this move signifies a change from the past Crypto Assets and Cyber Unit. Although the SEC has already been known to target the crypto sector, this time the wind seems to be blowing in another direction. From Binance to Coinbase: Crypto Regulation Still Winding The SEC had requested a temporary halt in its case against Binance prior to word of the establishment of CETU. Given that the SEC has traditionally behaved forcefully against crypto exchanges, this action was very unexpected. Under the direction of Acting Chairman Mark Uyeda, however, there appears to be an attempt to identify a more amiable middle ground. Said to be part of negotiations toward a possible out-of-court settlement, all sides agreed on a 60-day wait. Coinbase is also not keeping quiet in the face of the hazy US crypto laws at the same time. As previously mentioned in our report, Coinbase suggested a six-point system to close the current regulatory void. Among the key issues underlined is the rights of blockchain developers. According to Coinbase’s proposal, developers should be able to create code, run networks, and deploy tools without always being tormented by legal uncertainty. CETU’s New Mission: Solving Problems or Just Changing Names? Apart from managing crypto fraud cases, the new team will also pay more general attention to cybersecurity. CETU will address a range of digital threats, including fraud utilizing artificial intelligence and machine…

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Filed under: News - @ February 21, 2025 1:19 pm