SEC extends anti-crypto scam efforts

The U.S. Securities and Exchange Commission (SEC) is hiring 20 extra staff in order to further protect investors from crypto scams and cyber threats.

Furthermore, 50 staff will no be dedicated to probing securities law violations in fields like coin offerings, lending, NFTs and decentralized finance (DeFi).

Since 2017 the unit has brought more than 80 enforcement actions for fraudulent and unregistered offerings, with monetary relief totaling more than $2 billion.