SEC Chair Paul Atkins Unveils Cross-Border Task Force to Combat Fraud

The U.S. Securities and Exchange Commission (SEC) has launched a Cross-Border Task Force to intensify enforcement against international financial crimes. Led by Chair Paul Atkins, the initiative targets fraudulent activities such as pump-and-dump schemes involving foreign-listed companies. "We welcome global firms accessing U.S. markets, but won’t tolerate those exploiting borders to evade investor protections," Atkins stated.

This move coincides with heightened crypto regulatory efforts by the SEC and CFTC, including recent joint guidance under acting chair Caroline Pham. The agencies aim to establish clear compliance frameworks for Web3 innovations while curbing market manipulation. No specific cryptocurrencies or exchanges were cited in the announcement, reflecting a broad jurisdictional approach.