- The number of new employees is not known
- But the regulator plans to continue to put pressure on the industry
US Securities and Exchange Commission (SEC) plans hire new employees in the Crypto Assets and Cyber Unit. This is a department that oversees and investigates the activities of crypto companies. The expansion of the state was announced by a representative of the department to CoinDesk journalists. He also emphasized that the SEC’s priority remains monitoring compliance with regulations in working with digital assets. However, the interlocutor refused to name the number of new posts.
The Crypto Assets and Cyber Unit was created last May in response to the collapse of the Terra/Luna project. Since then, they have hired 20 specialists out of 50 planned for the department.
Harry Gensler’s Sharks Smell Blood
The SEC is tightening its draconian crypto regulation rules and putting more pressure on the cryptocurrency sector. Last month, they fined the Kraken exchange for staking services and demanded stricter rules for crypto brokers.
Now the commission is busy challenging the legality of the sale of Voyager Digital’s assets and customer base to the US branch of Binance. SEC officials said on Friday that Binance is an unregistered entity offering securities to its users. In response, lawyers argue that the department does not have the right to personally evaluate companies and their status.
Today, the SEC introduced emergency measures against the BKCoin crypto fund – they froze the company’s assets and plan to introduce external management.