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SEC launches a hiring spree to fight cryptocurrency fraud

SEC launches a hiring spree to fight cryptocurrency fraud



Sen. Brown on cryptocurrency: Fraud, scams and outright theftReplayMore Videos ... (15 Videos)Sen. Brown on cryptocurrency: Fraud, scams and outright theftA quarter of all the electricity in this county is powering Bitcoin miningBitcoin's carbon footprint is growing larger. Here's why. Cryptocurrencies take Hollywood, sports and politics by stormCouple arrested for largest financial seizure by US governmentTV star has new role: Crypto criticCrypto.com buys Staples Center naming rightsCrypto: The future of money or the biggest scam?Jamie Dimon blasts bitcoin as 'worthless'Crypto experts explain how to regulate the industryWill cryptocurrency replace the dollar? Scott Galloway explainsChina's cryptocurrency crackdown intensifiesEl Salvador divided over making bitcoin legal tenderThis $22.5M condo could be the most expensive home ever paid for in cryptoEthereum's 27-year-old founder says we're in a crypto bubble. Did it just burst?Washington (CNN Business)The Securities and Exchange Commission is vastly expanding its fight against cryptocurrency fraud by hiring more than a dozen new employees to combat cybercrime, the agency said Tuesday.

The additional 20 positions will result in almost a doubling in size of the agency's Cyber Unit, which is also being renamed the Crypto Assets and Cyber Unit to reflect the group's growing mission, the SEC said in a release. The Cyber Unit was first founded within the SEC's enforcement division in 2017."By nearly doubling the size of this key unit, the SEC will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity," SEC Chair Gary Gensler said in a statement.Crypto heists are only getting bigger. Here's what you should knowIn addition to policing cryptocurrency exchanges and coin offerings, the SEC will also be monitoring NFTs, decentralized finance platforms and stablecoins, the release said.The list of open positions will include opportunities for fraud analysts, trial and investigative attorneys and supervisors, the SEC said.


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