Crypto Universe Will Be Ruled by a Wonder woman from SEC
Cryptocurrency and token sales have been named to a new senior advisory position of the U.S. Securities and Exchange Commission.
The agency announced Monday that Valerie Szczepanik will work as associate director of the Division of Corporation Finance and senior advisor for digital assets and innovation, under the management of Bill Hinman, division director.
According to the SEC, Valerie will organize efforts across all SEC Divisions concerning the application of U.S. securities laws to rising digital assets, including ICOs (initial coin offerings) and cryptocurrencies.
Her employment comes through what is perhaps a crucial point on the crypto front for the SEC. Many of the agency’s actions have concentrated on alleged scams and dishonest behavior, while executives have also come out in the provision of a more stable approach to regulation.
At the same time, the SEC has issued multiple statements for investors in the past year and a half, including a paper on the now-defunct TheDAO that said securities legislation “may apply” to some token. Some of the SEC’s resolutions have been more light-hearted, for example, last month’s joke ICO website for “HoweyCoin.”
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