The U.S. Securities and Exchange Commission is hiring another 20 people to oversee coin offerings, non-fungible tokens, and decentralized finance.
Early on Tuesday, the SEC announced the allocation of 20 new positions to the unit charged with protecting investors in crypto markets and against cyber-threats. There will be 50 dedicated positions in the newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit).
SEC Chair Gary Gensler.
“The U.S. has the greatest capital markets because investors have faith in them, and as more investors access the crypto markets, it is increasingly important to dedicate more resources to protecting them,”
As part of the expanded unit, the agency will leverage its expertise to ensure investors are protected in the crypto markets, including investigating securities law violations relating to:
- Crypto asset offerings;
- Crypto asset exchanges;
- Crypto asset lending and staking products;
- Decentralized finance (“DeFi”) platforms;
- Non-fungible tokens (“NFTs”); and
- Stablecoins.
More here.