New SEC Cyber Task Force Will Oversee ICOs & Blockchain Tech

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The U.S. Securities and Exchange Commission (SEC) announced the creation of a new cyber task force designed to target cyber-related misconduct and protect retail investors from cyber threats. Among other things, the unit will target initial coin offerings (ICOs) and other blockchain-based projects that run afoul of SEC regulations.

SEC Cyber Task Force to Investigate ICO Violations

The SEC announced the new cyber unit in a press release, stating that the task force will "focus on the Enforcement Division's substantial cyber-related expertise on targeting cyber-related misconduct." Specifically, this unit will target threats to the securities market such as market manipulation, hacking, dark web misconduct, intrusions into retail brokerage accounts, and threats to exchanges and other market infrastructure. Notably, the task force will also investigate "violations involving distributed ledger technology and initial coin offerings."

That the SEC will scrut
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