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Just In: SEC Launches New Unit to Tackle Fraud in AI, Blockchain, and Crypto

  • 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.

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