Katherine Reilly has taken over as Acting Inspector General at the U.S. Securities and Exchange Commission (SEC).
Her appointment began on May 20, following the retirement of Deborah Jeffrey, who held the position for over two years.
Reilly is no stranger to the role. She previously served as Deputy Inspector General and Counsel and has twice stepped in as acting chief during leadership transitions. Her focus lies in oversight, audits, and investigations—not policymaking—especially as financial markets evolve rapidly.
Digital asset scams remain a top concern under Reilly’s leadership. In her October 2024 performance report, she listed crypto fraud as one of the SEC’s four biggest challenges.
Citing FBI data, the report highlighted $3.96 billion in crypto scam losses for 2023. Retail investors, especially seniors, were the hardest hit.
Digital assets now top the list of investor complaints received by the SEC’s Office of Investor Education and Advocacy. Roughly 18% of all reports last year involved crypto-related issues.
Reilly’s continued focus suggests investor protection in the digital asset space will remain central during her tenure.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/katherine-reilly-named-acting-sec-inspector-general-amid-crypto-scrutiny/