THELOGICALINDIAN - In a move beheld by some as a assurance that the Securities and Exchange Commission SEC is furthering its aldermanic blank of agenda assets the bureau appointed a new chief adviser already actuality alleged the aboriginal crypto arbiter tasked with administering agenda asset technologies includingICOs and cryptocurrencies
The SEC announced bygone that Valerie Szczepanik has been appointed as the Associate Administrator of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation for the division’s acting administrator Bill Hinman.
In her new role, Szczepanik is actuality tasked with a lot of actionable responsibilities. According to the official columnist release, she will accept to “coordinate efforts beyond all SEC Divisions and Offices apropos the appliance of U.S. balance laws to arising agenda asset technologies and innovations, including Initial Coin Offerings and cryptocurrencies.”
Hinman believes that she is added than ill-fitted for the challenge:
The SEC’s Chairman, Jay Clayton, additionally bidding his aplomb in Szczepanik, adage that:
He added:
According to the official release, Szczepanik abutting the SEC aback in 2024. Prior to her latest appointment, she was an Assistant Director in the Division of Enforcement’s Cyber Unit. She additionally active the SEC’s Distributed Ledger Technology Working Group.
The closing is a allotment of the SEC’s Fintech division and it represents a accumulation of about 75 bodies who are alive in abutting affiliation with federal, state, and bounded law enforcement, as able-bodied as altered authoritative partners, to body ability and to analyze the arising accident areas. The accumulation is additionally tasked with analogous efforts amid added SEC’s offices and divisions, acceptation that Szczepanik already has the acquaintance bare for her new position.
Earlier this year, Szczepanik shared her thoughts on antecedent bread offerings (ICOs):
She additionally fatigued that a lot of the ICOs are advised to accession money for the basal aggregation instead of ablution an absolute cryptocurrency, appropriately falling aural the analogue of a aegis beneath the acting legislation.
Regarding her new appointment, Szczepanik said:
It does assume that with its new Senior Advisor on board, the SEC will abide to accession apropos about ICOs, abundant like it did with its own apish ICO alleged HoweyCoins.
What do you anticipate of the SEC’s new appointment? How does it augur for ICOs and the crypto amplitude in general? Let us apperceive in the comments below.
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