Fun

US SEC Sets Up Dedicated Office to Review Crypto Filings

News Feed - 2022-09-11 12:09:06

US SEC Sets Up Dedicated Office to Review Crypto Filings


The U.S. Securities and Exchange Commission (SEC) is setting up a dedicated office to review crypto-related filings. The securities regulator stressed the need to “provide greater and more specialized support” for crypto assets. SEC’s Dedicated Crypto Office


The U.S. Securities and Exchange Commission (SEC) announced Friday its plan to establish two new offices to review filings. One is an “Office of Crypto Assets” and the other is an “Office of Industrial Applications and Services,” the regulator said, adding that it expects both to be set up later this fall.


The two new offices will join the agency’s seven existing offices that “provide focused review of issuer filings,” the SEC detailed, noting that these offices are grouped by industry expertise and will be under the agency’s Division of Corporation Finance’s Disclosure Review Program (DRP).


“The Office of Crypto Assets will continue the work currently performed across the DRP to review filings involving crypto assets,” the securities regulator clarified, elaborating: Assigning companies and filings to one office will enable the DRP to better focus its resources and expertise to address the unique and evolving filing review issues related to crypto assets.


Citing recent growth in the crypto market, Renee Jones, director of the SEC’s Division of Corporation Finance, explained that the regulator “saw a need to provide greater and more specialized support in the DRP’s Office of Finance.” She opined: The creation of these new offices will enable the DRP to enhance its focus in the areas of crypto assets, financial institutions, life sciences, and industrial applications and services and facilitate our ability to meet our mission.


SEC Chairman Gary Gensler said Thursday: “Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities. Offers and sales of these thousands of crypto security tokens are covered under the securities laws.” He emphasized: “I’ve asked the SEC staff to work directly with entrepreneurs to get their tokens registered and regulated, where appropriate, as securities.” Tags in this story crypto company filings, crypto issuers, office of crypto assets, SEC, sec crypto asset office, sec crypto filings, sec crypto office


What do you think about the SEC setting up a dedicated office to review filings related to crypto assets? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. US Senators Press Meta CEO Mark Zuckerberg on Crypto Scam Policies for Facebook, Instagram, Whatsapp REGULATION | 9 hours ago Indian Finance Minister Urges IMF to Lead in Regulating Crypto — Georgieva Says IMF Ready to Work With India REGULATION | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleDevere CEO Explains Why He Is Buying the Bitcoin Dip Next articleSoutheast Asia’s Largest Bank DBS Enters the Metaverse Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

PODCAST: Nic Carter on Bitcoin’s Evolution as a Safe-Haven Asset
“If you are fleeing a country with just the clothes on your back and you want to take your savings with you, bitcoin is an excellent kind of safe haven,” said Nic Carter, founding partner of Castle Island Ventures.
From Shiba Inu to Squidgrow
From Shiba Inu to Squidgrow sponsored When society looks at the crypto industry today, one cannot deny that Dogecoin (Doge)and Shiba Inu (SHIB)are just as widely known as Bitcoin (B
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased The International Monetary Fund’s (IMF) economic counselor has w
A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike
A Slew of Defi Tokens Outperform Bitcoin"s Weekly Gains, Defi TVL and NFT Sales Spike October has been a strong month for cryptocurrencies like bitcoin but a number of decentralize
Web3 needs player-centric games for mass adoption — Websea exec
Zoltan Vardai11 hours agoWeb3 needs player-centric games for mass adoption — Websea execInstitutions are also becoming interested in Web3 gaming as more player-centric GameFi projects emerge.588 Total views2 Total shar
Robbers Take $450K From a Tether Trader During an In-Person Transaction in Hong Kong — Second Incident in 2021
Robbers Take $450K From a Tether Trader During an In-Person Transaction in Hong Kong — Second Incident in 2021 Hong Kong police are investigating the second in
Joe Hall11 hours agoThe world’s biggest Bitcoin conferences: Decentralize with CointelegraphWhat do thought leaders at the world’s largest Bitcoin conferences make of Bitcoin in 2023? This week’s Decentralize with
Bitcoin just printed a $20K monthly candle — Its biggest ever in USD
William Suberg2 hours agoBitcoin just printed a $20K monthly candle — Its biggest ever in USDBTC price returns are already hitting records, with Bitcoin eyeing an attack on all-time highs after preserving $60,000.1840
Bitget Registers in Seychelles and Plans to Grow Its Global Workforce by 50%
Bitget Registers in Seychelles and Plans to Grow Its Global Workforce by 50% press release PRESS RELEASE. Seychelles, Nov 22, 2022 – Leading global cryptocurrency exchange Bitget
Ana Paula Pereira3 hours agoSam Bankman-Fried ‘doubled down’ by buying Binance’s stake in FTX — US prosecutorsThe prosecution is delivering its closing arguments at the Southern District Court of New York, where
Jesse Coghlan7 hours agoEU backs Data Act with clause to shut off smart contractsThe Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to p
Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services
Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: ShutterstockThe largest bank in Venezuela, the state-own