The United States Securities and Exchange Commission is in the process of hiring 20 cryptocurrency experts for its enforcement units to better confront the illegal activities conducted with the use of digital assets such as Bitcoin (CRYPTO: BTC).
What Happened: The SEC's enforcement unit for cryptocurrency markets has also been renamed "Crypto Assets and Cyber Unit" and will reach a total of 50 employees, according to a Tuesday Reuters report. The regulator's chairman Gary Gensler said that "by nearly doubling the size of this key unit, the SEC will be better equipped to police wrongdoing in the crypto markets [...] and controls issues with respect to cybersecurity."
