SEC.gov | SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit \ stacker news ~bitcoin

SEC.gov | SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit www.sec.gov/news/press-release/2022-78

50 sats \ 4 comments \ @CypherPoet 3 May 2022 bitcoin

0 sats \ 1 reply \ @cryptocoin 3 May 2022

Here's an article from CNBC on this:

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.

Representatives for the SEC did not reply to an email seeking comment on whether the 20 additional hires would completely satisfy the need for a larger staff.

SEC nearly doubles crypto unit staff to crack down on abuses in the booming market https://www.cnbc.com/2022/05/03/sec-adds-to-cryptocurrency-regulation-staff.html https://archive.ph/y8n26 <-- An archive, which can be easier to read

0 sats \ 0 replies \ @cryptocoin 3 May 2022

I wonder how many taxpayer dollars are being wasted in @GaryGensler’s personal crusade against the crypto industry?

https://www.cnbc.com/2022/05/03/sec-adds-to-cryptocurrency-regulation-staff.html

0 sats \ 0 replies \ @gmd 3 May 2022

This is good right? Seems like when there is a big exchange hack they might be better able to better track movement of crypto assets and take action to get people their money back...?

0 sats \ 0 replies \ @Majjin 3 May 2022

Satoshi already released the whitepaper. Its too late for them to stop it now. The idea of Bitcoin exists forever now.