The US Securities and Exchange Commission (SEC) has launched the Cyber and Emerging Technologies Unit (CETU) to tackle fraud in AI, blockchain, and crypto.
The CETU will focus on fraud involving emerging technologies, such as AI, blockchain, and crypto, and aims to protect investors and promote innovation.
Led by Laura D’Allaird, the unit comprises approximately 30 fraud specialists and attorneys across multiple SEC offices.
The SEC's focus is on fraud involving blockchain technology and crypto assets, rather than labeling most digital assets as unregistered securities, like Chairman Gary Gensler has done.