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Latest News  + Crypto  + Crypto  + Markets  |  February 21, 2025
SEC Launches New Cyber and Emerging Technologies Unit to Combat Crypto Fraud CETU replaces Crypto Assets and Cyber Unit The SEC has launched the Cyber and Emerging Technologies Unit (CETU) to fight fraud involving cyber and emerging technologies, such as AI, hacking, and the dark web. The unit aims to protect retail investors from cyber-related misconduct in these rapidly evolving areas. The SEC’s new Cyber and Emerging Technologies Unit (CETU), led by Laura D’Allaird, replaces the Crypto Assets and Cyber Unit, which was set up in 2022 under the Biden administration and had about 50 staff. CETU will be smaller, with around 30 fraud specialists and attorneys spread across multiple SEC offices, focusing on cyber and emerging tech fraud. Acting Chairman Mark Uyeda has emphasized that the unit will “deploy enforcement resources judiciously” to not only safeguard investors but also “facilitate capital formation and market efficiency by clearing the way for innovation to grow.” The Cyber and Emerging Technologies Unit (CETU) is designed to protect investors while also promoting capital formation and improving market efficiency to support innovation. Its mission includes cracking down on schemes that use emerging technologies to deceive investors and undermine trust in the markets.
By: Joe Palmisano

SEC Launches New Cyber Unit to Combat Crypto Fraud

The SEC has launched the Cyber and Emerging Technologies Unit (CETU) to fight fraud involving cyber and emerging technologies, such as AI, hacking, and the dark web. The unit aims to protect retail investors from cyber-related misconduct in these rapidly evolving areas.

The SEC’s new Cyber and Emerging Technologies Unit (CETU), led by Laura D’Allaird, replaces the Crypto Assets and Cyber Unit, which was set up in 2022 under the Biden administration and had about 50 staff. CETU will be smaller, with around 30 fraud specialists and attorneys spread across multiple SEC offices, focusing on cyber and emerging tech fraud.

Acting Chairman Mark Uyeda has emphasized that the unit will “deploy enforcement resources judiciously” to not only safeguard investors but also “facilitate capital formation and market efficiency by clearing the way for innovation to grow.”

The Cyber and Emerging Technologies Unit (CETU) is designed to protect investors while also promoting capital formation and improving market efficiency to support innovation. Its mission includes cracking down on schemes that use emerging technologies to deceive investors and undermine trust in the markets.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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