SEC launches new initiative to support crypto, blockchain & fintech innovation

posted 7 months ago
The US government is slowly integrating cryptocurrency and financial technology into its regulatory ecosystem, adding legitimacy and more support for the space. The SEC announced today that they are launching the Strategic Hub for Innovation and Financial Technology (FinHub). FinHub will connect and update the public on SEC-related issues and initiatives dealing with distributed ledger technology including blockchain and cryptocurrencies, automated investment advice, digital marketplace financing and artificial intelligence.

Valerie A. Szczepanik, Senior Advisor for Digital Assets and Innovation and Associate Director of the SEC’s Division of Corporation Finance leads Finhub and said that the SEC made it clear that they’re open to working with compliant fintech developers, as opposed to against them. The announcement said that outreach and access are part of the SEC’s strategy to nurture technologists, retain talent in the US and collaborate with the leaders, futurists and innovators who are creating the digital economy.
Tags: blockchain, bitcoin, news