SEC builds accounting fraud unit as crypto oversight tilts toward rulemaking

AI Summary The U.S. Securities and Exchange Commission (SEC) has set up a new department dedicated to examining violations in accounting practices and financial reporting, which shows that the agency has begun paying more attention to companies’ disclosures at a time when its approach toward crypto is quickly moving from litigation to rulemaking. For the crypto industry... fulltext: 364 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/sec-builds-accounting-fraud-unit-as-crypto-oversight-tilts/ Source: CryptoPolitan