SEC Replaces Crypto Enforcement Team with Smaller ‘Cyber’ Unit

The US Securities and Exchange Commission is replacing its enforcement unit devoted to misconduct in the cryptocurrency markets, the latest sign of the regulator’s more friendly approach to digital assets.

In its stead, there will be a smaller team with a broader mandate to combat all kinds of cyber-related fraud, including through the use of social media platforms, artificial intelligence, machine learning and blockchain technologies, the agency said Thursday.

Laura D’Allaird, formerly the co-chief of the crypto unit, will lead the new group of about 30 fraud specialists and attorneys across multiple SEC offices, the SEC said.

“The unit ...