US SEC Acting Inspector General Plans to Crack Down on Cryptocurrency Fraud
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Planet Daily News: The newly appointed Acting Inspector General of the U.S. Securities and Exchange Commission (SEC), Katherine Reilly, has identified cryptocurrency fraud as a top regulatory priority. Her office's October 2024 report shows that cryptocurrency scams account for 18% of total SEC investor complaints, with retail investors losing $3.96 billion in 2023. Reilly emphasized that the SEC faces the dual challenges of insufficient resources and a shortage of professional talent - with current regulations prohibiting employees from holding digital assets hindering technical talent recruitment. (CryptoSlate)
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