SEC is creating a new division to combat cybercrime and protect investors: The Cyber and Emerging Technologies Unit will replace the Crypto Assets and Cyber Unit

The U.S. Securities and Exchange Commission (SEC) has announced the creation of a new division – the Cyber and Emerging Technologies Unit (CETU), which will replace the Crypto Assets and Cyber Unit. CETU will focus on combating cybercrimes related to artificial intelligence, blockchain, hacker attacks, account takeovers, and other threats to investors. The goal is to protect investor interests, support innovation, and ensure the safety of new technologies. The SEC is also creating a working group to develop a clear regulatory framework for cryptocurrencies, which will contribute to the further development of the industry.