The SEC’s code enforcement has been “completed,” a former official said.

Former Securities and Exchange Commission official John Reid believes that the SEC’s code enforcement essentially ends in a new administration.

“Stick the fork with SEC Crypto-deconforce, and that’s done,” he said on social media.

The agency no longer prioritizes cryptocurrency-specific enforcement after changing its “crypto assets and cyber units” to cyber to “cyberemerging technology units” earlier this year.

Laura D’Allaird, newly appointed chief of the SEC’s cyber and emerging technology units. spoke About changes in institutional approaches.

D’Allaird specifies that the SEC has placed priorities in three buckets. It focuses on supporting scams from a variety of emerging technologies, including AI, blockchain and Crypto misuse.

“The first bucket focuses on fraud in the field of (…) emerging technologies, which is why we’re removing bad actors who misuse the excitement around innovative technologies and innovative technologies to harm investors, so (…) include fraud related to blockchain and crypto.

The unit is also intended to ensure cybersecurity compliance and to root out cyber-related fraud, such as the use of the dark web, social engineering, and more.

D’Allaird emphasizes that the SEC needs to be innovated and “agility”.

She emphasizes that the SEC is focused on promoting capital formation by protecting investors and eliminating bad actors.

“There are two buckets. People who actually use emerging technologies to commit scams and those who are wrapping old scams in new tech languages, I call them old wines in new bottles,” she said.

As reported by U.Today, the SEC has removed well-known lawsuits against companies such as Coinbase, Ripple and other companies. Meanwhile, Jorge Terreiro, the top SEC litigant, has been demoted.