The new acting inspector general of the US SEC makes combating cryptocurrency fraud a top priority
Online reports, according to CryptoSlate, Katherine Reilly, the new acting inspector general of the U.S. Securities and Exchange Commission (SEC), has listed cryptocurrency fraud as a top regulatory priority. Its office's October 2024 report showed that cryptocurrency fraud accounted for 18% of all SEC investor complaints, and retail investors lost $3.96 billion as a result in 2023. Reilly replaced retired Deborah Jeffrey during the transition period. Previously, as deputy inspector general, he led the investigation into the 2024 SEC official Twitter theft (causing the Bitcoin price to fluctuate by $1000 in an instant).
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