The U.S. Securities and Exchange Commission is creating a new unit within its agency aimed at protecting investors from bad actors in crypto and artificial intelligence. The agency announced the new unit on Thursday, calling it the Cyber and Emerging Technologies Unit, or CETU, according to a statement. CETU will replace the Crypto Assets and Cyber Unit, which was created in 2022 under the former Biden administration. CETU will be led by Laura D’Allaird, who has been at the SEC for several years in various roles in enforcement. Previously, D’Allaird was the co-chief of the Crypto Assets and Cyber Unit and was also counsel to former Democratic Commissioner Jaime Lizárraga, according to her LinkedIn. “The unit will not only protect investors but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow,” said SEC Acting Chair Mark Uyeda in a statement. “It will root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies.”

Full story : The US SEC announces the Cyber and Emerging Technologies Unit to protect investors from bad actors in crypto and AI, replacing the Crypto Assets and Cyber Unit.