<ul><li>The US Securities and Exchange Commission (SEC) has launched a new Division of Enforcement unit called the Cyber and Emerging Technologies Unit (CETU) to combat crypto fraud and cybercrime.</li><li>Replacing the Crypto Assets and Cyber Unit (CACU), the CETU will focus on handling compliance to protect retail investors and target fraud committed through emerging technologies like crypto, blockchain, AI, and social media.</li><li>The CETU will work alongside the SEC's recently launched Crypto Task Force and will be led by Laura D'Allaird, with a team of about 30 fraud specialists and attorneys.</li><li>The unit will prioritize combatting fraud, hacking incidents, and non-compliance with cybersecurity regulations to facilitate capital formation and market efficiency while protecting investors.</li></ul>

SEC launches new unit to combat crypto fraud and cybercrime

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