New Crypto Chief Appointed by SEC
A new cryptocurrency task force has already been undertaken by The US Securities and Exchange Commission (SEC). This time it has newly designated a crypto advisor. That’s right. Valerie A. Szczepanik has been appointed to spearhead this task force.
The chairman of The US Securities and Exchange Commission (SEC), Jay Clayton earlier in a press release stated,
“With her demonstrated skill, experience, and keen awareness of the importance of fostering innovation while ensuring investor protection, Val is the right person to coordinate our efforts in this dynamic area that has both promise and risk.”
The securities regulator has also been planning for a breakout session at their upcoming investor conference that is going to hold this year in the mid of June.
One of the board members and directors at Coinbase Kathryn Haun, earlier stated at the Code Conference in the very recent of days that, “Cryptocurrency and blockchain regulation remain years away. We don’t want regulation to outpace understanding.”
Valerie A. Szczepanik has already been leading the distributed ledger of the SEC and is a cybersecurity veteran. The veteran is also looking forward to harnessing her veteran status within the space of the cryptocurrency field and unleash her knowledge and experience in the area of securities laws.
The position is newly created at the SEC. There has never been a position like this ever before. Valerie A. Szczepanik official title shall be as “Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation for Division Director Bill Hinman”. The title is quite a mouthful, but astonishingly as new as it may be and as huge as it may sound, the SEC has taken a decision to include the same as they can now envision a new future with the cryptocurrency coming into the picture.