The SEC is beefing up its crypto crimes unit 💪 The special department is doubling in size and has been given a new name 🚨 Chairman Gary Gensler says this is in response to the growing number of investors gaining exposure to crypto 👇
This SEC division has already brought more than 80 enforcement actions over fraudulent and unregistered crypto asset offerings in the past five years — and has recovered more than $2 billion.
Officials claim retail investors have ended up bearing the brunt of abuses in this space — and companies need to be held accountable when cyber-related incidents take place.
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