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The SEC Intensifies the Battle Against Crypto Fraud: What Does It Mean for the Sector?
The new Inspector General of the SEC, Katherine Reilly, has just raised alarms. The numbers are brutal:
Key data:
The bottleneck: The current prohibition preventing SEC employees from owning digital assets is sabotaging the recruitment of technical talent. It is ironic: the agency wants to combat crypto fraud but cannot hire people who truly understand the industry.
What changes? Reilly is prioritizing cryptocurrency fraud as the main regulatory focus. This signals an important shift: the SEC is moving from ignoring crypto to actively targeting fraudulent schemes.
The question we all ask ourselves: Will this help clean up the market or will it only generate more regulatory uncertainty?