The SEC announced Tuesday that it is almost doubling its staff responsible for protecting investors in cryptocurrency markets.
The Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets.
The SEC said that the 20 additions will include investigative staff attorneys, trial lawyers and fraud analysts.The Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets. Wall Street's top law enforcer said that the 20 additions will include investigative staff attorneys, trial lawyers and fraud analysts. Both SEC Chairand Enforcement Director Gurbir Grewal applauded the hires as overdue and key to regulating one of Wall Street's newest and most popular industries.
Grewal added that individual retail investors tend to comprise the bulk of victims of crypto-related securities fraud. Cyber threats continue to pose "existential" risks to the U.S. financial system, he added.
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