The U.S. Securities and Trade Fee (SEC) enforcement director, Stephanie Avakian, plans to exit the organisation this yr. The director was answerable for main investigations from 2017 that included the SEC’s preliminary coin providing (ICO) crackdown.
On Thursday, the SEC organisation knowledgeable that Avakian was answerable for making a Cyber Unit that managed cryptocurrency safety violations. This was particularly with reference to ICO-projects that raised capital with out submitting.
Throughout Avakian’s tenure, a CoinDesk evaluation of SEC enforcement filings exhibits the unit began at the very least 46 actions towards ICOs. Avakian was the deputy enforcement director from June 2014 earlier than she took over the Enforcement Division in June 2017.