The US SEC develops the 'Cyber ​​Unit', in order to control the Bitcoin and derivatives markets, the dark web and initial coin offerings or ICOs.

Today a press release came out from the United States Securities and Exchange Commission, better known as SEC, where they talk about the creation of the 'Cyber ​​Unit'. The idea of ​​this division is to control, to some extent, the market for digital currencies, such as Bitcoin. Therefore, it will be an actor who will work to control movements and analyze possible fraud. This digital unit will basically be dedicated to controlling possible fraudulent behaviors that may occur within the digital asset market, such as:

• Market manipulation schemes, which include false information disseminated through electronic and social media
• Hacking to obtain material non-public information
• Violations involving distributed book technology and initial coin offerings
• Misconduct perpetrated on the dark web
• Intrusions on retail accounts
• Cyber ​​threats to trading platforms and other critical market infrastructures

This new unit aims to offer meaningful authority to all members under its jurisdiction. The most important point for the cryptocurrency markets is the third, which is the control and surveillance of ICOs as well as the 'distributed ledger technology' sector. The definition of this point is somewhat vague and is broader than it seems, in addition, it would depend on the SEC and the courts to define this point, which could even lead to having the power to freely investigate users who operate with cryptocurrencies.

The regulation of ICOs by the SEC is not a surprise, since a control agent is necessary to ensure their legality. This year ICOs have increased in a brutal way, raising a whopping 1.500 billion dollars. The problem with ICOs is that sometimes they are frauds and in others they are incomplete or partially developed ideas that do not end in a successful port. Some users of the Reddit 'BitcoinMarket', show their reluctance to the regulatory oversight of a third party, but are surprised and welcome the decision of the SEC, which could lead many scammers to think twice before launching an ICO.