The administration announced Thursday that it replaced the unit responsible for many of the SEC’s crypto registration suits with a new fraud-focused unit that will take a broader review of “cyber and emerging technologies.”

The Cyber and Emerging Technologies Unit will prioritize fraud cases that leverage novel tech including crypto, artificial intelligence, machine learning and social media, according to the SEC’s announcement. The unit is designed to “complement” the work on crypto policy from the newly created Crypto Task Force and “allow the SEC to deploy enforcement resources judiciously,” acting SEC Chair Mark Uyeda said in a statement.

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Photo of Cassandra Borchers Cassandra Borchers

Cassandra is a partner in the Corporate Transactions & Securities and Investment Management practice groups and Chair of our Blockchain & Cryptocurrencies group. She counsels clients on regulatory and compliance matters including all aspects of federal and state securities law and related issues…

Cassandra is a partner in the Corporate Transactions & Securities and Investment Management practice groups and Chair of our Blockchain & Cryptocurrencies group. She counsels clients on regulatory and compliance matters including all aspects of federal and state securities law and related issues, such as registration, regulatory reporting, registered fund matters (including mutual funds, interval funds and ETFs), private fund formation or other investment vehicles and compliance (including real estate funds, private equity funds, debt funds, hedge funds and venture capital funds) and cryptocurrency.

Cassandra’s practice has focused primarily on securities, investment capital, cryptocurrency and blockchain matters, corporate representation and governance matters, and all aspects of counseling mutual funds, ETFs and closed-end interval funds. She has assisted companies in securities offerings, including mutual funds, commodity pools, private equity, fund formation, registration, mergers and reorganizations. She has represented both issuing companies and investors in a variety of transactions, due diligence, digital assets and securities offerings.