Kristina Littman has been named as the new chief of the SEC's cyber unit.
The unit targets “violations” involving initial coin offerings (ICOs) and distributed ledger or blockchain technology. Probably the most famous violation targeted to date is the suing of Kik Interactive, for allegedly selling unregistered securities as part of its $100 million ICO.
Littman is an internal hire, where she served as senior advisor to SEC Chairman Jay Clayton, where she advised on regulatory and policy matters relating to cryptocurrencies and digital assets, trading and markets and investment management.
The cyber unit was set up by the SEC in 2017 to focus on cyber-related crimes, including market manipulation schemes, “misconduct perpetrated using the dark web” , etc.
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