SEC doubles down on crypto regulation by expanding unit

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SEC doubles down on crypto regulation by expanding unit
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The SEC is stepping up its efforts to regulate crypto, announcing Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets.

Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets.

The SEC stated that the 20 hires would include investigative staff attorneys, trial lawyers and fraud analysts. Chair Gary Gensler praised the appointments as long overdue and essential to overseeing one of Wall Street’s newest and most popular sectors.

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