A Closer Look at the New SEC Crypto Assets and Cyber Unit (Video)

Skadden Insights – June 2022

Anita B. Bandy Daniel Michael

Longtime colleagues at the SEC's Division of Enforcement, partners Anita Bandy and Dan Michael provide an insider's look at what the SEC's new Crypto Assets and Cyber Unit means for companies. The unit is part of SEC Chair Gary Gensler's larger effort to regulate the crypto markets and protect investors.

At the SEC, Ms. Bandy supervised, investigated and brought actions covering the entire breadth of the agency's enforcement authority. She held numerous leadership roles in the Enforcement Division, including most recently serving as an associate director in the agency’s Washington, D.C. headquarters, where she oversaw a vast docket of enforcement matters.

As the former chief of the SEC's Complex Financial Instruments Unit, Mr. Michael oversaw a nationwide team of attorneys responsible for many of the Enforcement Division’s most programmatically significant cases, including a broad range of actions against financial institutions, hedge funds, mutual funds, issuers, credit rating agencies, fintech companies and other market participants.