What has happened?
The Securities and Exchange Commission (SEC) has created a new position to co-ordinate efforts on the application of securities laws to emerging technologies.
What does this mean?
The SEC has announced that Valerie A. Szczepanik has been named Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation, reporting to division Director Bill Hinman.
In this newly created advisory position, Szczepanik will co-ordinate efforts across all SEC Divisions and Offices regarding the application of US securities laws to emerging digital asset technologies and innovations, including initial coin offerings and cryptocurrencies.
“Valerie recognized early on the securities law implications of developments like blockchain and distributed ledger technologies, and of cryptocurrencies, Initial Coin Offerings, tokenised securities, and other digital instruments,” said Hinman.
“She is a recognised leader in responding to developments in our markets. I am excited to have her join me and the Division’s staff as the SEC continues to collaborate with retail investors, issuers and other market participants, in this important and rapidly evolving area.”
Szczepanik was also named Associate Director in Division of Corporation Finance.
Szczepanik joined the SEC in 1997 and most recently served as an Assistant Director in the Division of Enforcement’s Cyber Unit.
She is the Head of the SEC’s Distributed Ledger Technology Working Group, Co-Head of its Dark Web Working Group, and a member of its FinTech Working Group.
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