Aliens TLDR

The Securities and Exchange Commission (SEC) is hiring several new faces for its agency to examine cryptocurrency activities.

These individuals and many others will be tasked with fighting illicit behavior in the space and ensuring all crypto trading occurring within America’s borders is clean and regulated.

The crypto division of the SEC will be known as the Crypto Assets and Cyber Unit in the Division of Enforcement.

Gary Gensler – the current head of the SEC – explained in an interview: The U.S. has the greatest capital markets because investors have faith in them, and as more investors access the crypto markets, it is increasingly important to dedicate more resources to protecting them...

Gensler was put into power under Joe Biden, who has stated he will work to ensure the U.S. imposes regulation at every corner.

I’m also instructing agencies to use the emergency authorities to speed up regulation cuts or new rules that will create jobs and prosperity and get rid of unnecessary rules and regulations.