The SEC’s Division of Examinations (Division) has spoken regarding its 2025 priorities (Priorities) – among the key focus areas are risks associated with cybersecurity, AI and other emerging technologies, and crypto assets. While Paul Atkins was selected as the new SEC Chair nominee after the Priorities were published, cybersecurity is a bipartisan issue and the SEC has built a team of talented cybersecurity experts, so it will likely remain an important exam focus, said Carlo di Florio, president of ACA Group and former Office of Compliance Inspections and Examinations Director. To help registrants as they evaluate and plan their compliance efforts for the coming year, this article provides an overview of select Priorities, with commentary from di Florio and Kristin Snyder, a partner at Debevoise & Plimpton and former Deputy Director of the Division and Head of its Investment Adviser/Investment Company Program. See our two-part series on the SEC charging four companies for misleading cyber incident disclosures: “New Expectations?” (Nov. 20, 2024), and “Lessons on Contents and Procedures” (Dec. 4, 2024).