US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up

The regulator, which has been hammering away at the crypto sector under the direction of Chair Gary Gensler, sent a loud message to the industry in May 2022 by announcing it was adding 20 people to its newly named Crypto Assets and Cyber Unit. That nearly doubled the size of the 50-person operation, and an SEC spokesperson told CoinDesk that the added slots “are nearly filled.”

Now the agency is “planning to add additional staff” to that unit, the spokesperson said Wednesday, further underlining the priority that digital assets enforcement has become for the SEC. The spokesperson didn’t disclose how many new positions would be added.

Source: US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up