SEC Appoints First 'Crypto Czar' Valerie Szczepanik – Bitcoinist.com

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In a transfer considered by some as an indication that the Securities and Trade Fee (SEC) is furthering its legislative oversight of digital property, the company appointed a brand new senior advisor – already being known as the primary ‘crypto czar’ – tasked with overseeing digital asset applied sciences, together with ICOs and cryptocurrencies.


The SEC introduced yesterday that Valerie Szczepanik has been appointed because the Affiliate Director of the Division of Company Finance and Senior Advisor for Digital Belongings and Innovation for the division’s performing director Invoice Hinman.

Critical Duties

In her new function, Szczepanik is being tasked with a number of actionable duties. In response to the official press launch, she should “coordinate efforts throughout all SEC Divisions and Workplaces relating to the appliance of U.S. securities legal guidelines to rising digital asset applied sciences and improvements, together with Preliminary Coin Choices and cryptocurrencies.”

Hinman believes that she is greater than suited to the problem:

[Szczepanik] is a acknowledged chief in responding to developments in our markets. I’m excited to have her be a part of me and the Division’s workers because the SEC continues to collaborate with retail buyers, issuers and different market contributors, on this necessary and quickly evolving space.

The SEC’s Chairman, Jay Clayton, additionally expressed his confidence in Szczepanik, saying that:

Valerie’s thought management on this space is acknowledged each inside the Fee and throughout monetary regulators in the US and overseas.

He added:

Val is the proper particular person to coordinate our efforts on this dynamic space that has each promise and threat.

Who Is Valerie Szczepanik?

In response to the official launch, Szczepanik joined the SEC again in 1997. Previous to her newest appointment, she was an Assistant Director within the Division of Enforcement’s Cyber Unit. She additionally heads the SEC’s Distributed Ledger Know-how Working Group.

The latter is part of the SEC’s Fintech division and it represents a gaggle of roughly 75 people who find themselves working in shut reference to federal, state, and native legislation enforcement, in addition to completely different regulatory companions, to construct experience and to determine the rising threat areas. The group can be tasked with coordinating efforts amongst different SEC’s workplaces and divisions, that means that Szczepanik already has the expertise wanted for her new place.

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