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SEC Enforcement Director to Step Down by End of Year
Enforcement Director Stephanie Avakian led SEC investigations during the heart of its ICO crackdown.
Stephanie Avakian, the U.S. Securities and Exchange Commission (SEC) enforcement director who led investigations since 2017, including during the entirety of SEC's initial coin offering (ICO) crackdown, plans to leave the agency this year.
STORY CONTINUES BELOW
- SEC said Thursday that Avakian created the Cyber Unit responsible for managing crypto-related securities violations, especially the ICO projects that attempt to raise capital without filing.
- A CoinDesk review of SEC enforcement filings shows the regulator initiated at least 46 actions against ICOs during Avakian's tenure as director.
- Avakian took over the Enforcement Division in June 2017. She had previously served as deputy enforcement director from June 2014.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
