What’s Going On?
The US Securities and Exchange Commission has promoted a senior director to its first dedicated crypto and blockchain role.
Why Does It Matter?
The agency said Valerie Szczepanik will serve as Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation, reported CoinDesk.
Szczepanik will coordinate efforts across SEC divisions and offices regarding the application of US securities laws to emerging digital asset technologies and innovations, including ICOs and cryptocurrencies, said the SEC. She is to report to division director Bill Hinman.
What’s Her Background?
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.
“Valerie’s thought leadership in this area is recognised both within the Commission and across financial regulators in the United States and abroad,” said SEC Chairman Jay Clayton. “With her demonstrated skill, experience, and keen awareness of the importance of fostering innovation while ensuring investor protection, Val is the right person to coordinate our efforts in this dynamic area that has both promise and risk.”
Szczepanik added: “I am excited to take on this new role in support of the SEC’s efforts to address digital assets and innovation as it carries out its mission to facilitate capital formation, promote fair, orderly, and efficient markets, and protect investors, particularly Main Street investors. I look forward to working closely with staff across the agency, our regulatory partners, and the public as we provide a coordinated and strategic response to developments.”