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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.
Joe Palmisano
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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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