The Securities and Exchange Commission said it would nearly double the size of its unit dedicated to enforcing regulations in crypto markets and cyber-related threats. (The Logic)
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The Securities and Exchange Commission said it would nearly double the size of its unit dedicated to enforcing regulations in crypto markets and cyber-related threats. (The Logic)
Talking point: The regulator is adding 20 new roles to the unit for a total of 50 staff monitoring areas such as NFTs, crypto-asset offerings, DeFi platforms and crypto lending and staking products. In Canada, the Ontario Securities Commission hasn’t announced any staffing changes recently in response to the rise of cryptocurrencies, though it has been taking a tougher stance on unregistered exchanges over the last year. Crypto lending company Celsius, which is backed by the Caisse de dépôt et placement du Québec, has notably been targeted by the SEC over concerns that its high-interest savings accounts violate regulations.
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