### US SEC Doubles Down On Crypto Enforcement Efforts With Expanded Unit

The SEC's decision to add more personnel to the enforcement unit comes amid growing concerns about the regulation of cryptocurrencies and the need for clarity in the industry.


Despite calls from leaders in the crypto space for clear and concise guidelines on crypto assets, the SEC has been criticized for its regulation by enforcement approach. This approach, which involves the SEC pursuing legal action against companies and individuals who allegedly violate securities laws, has been seen as stifling innovation in the crypto space, particularly in the United States.


Critics of the SEC's approach argue that the lack of clear guidelines has created confusion and uncertainty for businesses and investors alike, making it difficult to operate in the industry. They argue that instead of relying on enforcement actions to regulate the industry, the SEC should work with industry leaders to create a framework that provides clarity and transparency for all involved.



The move to increase the size of the Crypto Assets and Cyber Unit is seen as a sign that the SEC is doubling down on its efforts to stifle the crypto industry through enforcement actions. By adding more personnel to the unit, the SEC hopes to increase its ability to investigate and prosecute crypto companies that “violate” securities laws in the industry.



Industry insiders worry that the SEC's aggressive enforcement approach will only serve to push crypto innovation out of the United States and into more crypto-friendly jurisdictions. They argue that the lack of clear guidelines and the SEC's tendency to rely on enforcement actions rather than collaboration with industry leaders is driving talent and investment dollars away from the US and toward countries with more favorable regulatory environments.



For firms and investors engaging in the sector, more needs to be done to ensure certainty and openness. The SEC should collaborate with industry leaders to develop a regulatory framework that fosters innovation while safeguarding investors and upholding the integrity of the sector rather than only relying only on enforcement measures. 

The US Securities and Exchange Commission (SEC) made headlines in May 2022 with the announcement that it would be increasing the size of its Crypto Assets and Cyber Unit by 20 personnel, bringing the total number of team members up to 50.

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Fri Mar 17 2023

US SEC Doubles Down On Crypto Enforcement Efforts With Expanded Unit