The post New SEC Unit Aims to Combat Crypto Fraud and Foster Innovation Under Trump Administration appeared on BitcoinEthereumNews.com.

The SEC has announced the formation of a new unit aimed at combating crypto-related fraud, signaling a shift in regulatory strategy under the Trump administration. This initiative marks a departure from the previous administration’s strict approach, prioritizing both investor protection and market innovation. According to SEC attorney Laura D’Allaird, the new Cyber and Emerging Technologies Unit will focus on rooting out those who misuse digital innovation for fraudulent purposes. The SEC launches a new Cyber and Emerging Technologies Unit to combat crypto fraud, shifting gears under the Trump administration. Read more for insights. New Initiatives from the SEC: The Cyber and Emerging Technologies Unit The U.S. Securities and Exchange Commission (SEC) has recently unveiled its Cyber and Emerging Technologies Unit, designed to tackle the rising tide of fraudulent activities within the cryptocurrency sector. This strategic pivot underlines a fundamental change in regulatory posture that coincides with the Trump administration’s leadership. SEC officials are optimistic that the new unit will not only protect investors but also promote a healthier environment for innovation and market efficiencies. Transitioning from Strict Regulation to Supportive Oversight The SEC has been known for its rigorous enforcement of cryptocurrency regulations, especially during the tenure of former Chair Gary Gensler, who asserted that most digital assets were classified as securities. This resulted in a challenging landscape for many emerging projects. However, with the change in administration, the SEC appears to be adopting a more balanced approach aimed at fostering development while still enforcing the law. Focus Areas of the New Cyber and Emerging Technologies Unit The newly established unit will employ around 30 fraud specialists and legal experts, focusing on multiple fronts in the digital asset space. The areas of concern include: Fraud related to blockchain technology and cryptocurrencies. Safeguarding against hacks aimed at obtaining nonpublic information. Targeting…

---

Filed under: News - @ February 20, 2025 10:26 pm