Earlier this year, the Commission on securities and stock exchanges of the USA (SEC) established a working group for the cryptocurrency, and now adopted a new position of crypto-currency expert Advisor. Appointed Valerie Sepanik, which had previously been head of the working group by the SEC oversight of securities.
The purpose seems quite reasonable, given the fact that about a year ago Sepanik has already worked with the projects initial placement of tokens (ICO). It was then that she said that for the development projects, the ICO should be put on first place the protection of investors.
Created post – brand new, officially it’s called «Assistant unit Manager corporate Finance and senior Advisor, digital assets and innovation Director of division of bill Hinman». Its creation is another sign that despite the lack of a regulatory framework SEC is investing in the cryptocurrency space sufficient resources.
Sepanik headed the working group of the SEC on the technology of distributed registry and has knowledge in the field of cryptocurrency. Now the SEC intends to increase the use of its experience and knowledge. The Commission expects that the new appointment would either hasten the adoption of regulatory measures, or lead to the rejection thereof.
The introduction of regulation would take years
A former Federal Prosecutor of the US justice Department and member of the Board of Directors Coinbase Catherine Hong (Kathryn Haun) has recently stated that the introduction of regulation of cryptocurrency and blockchain will take years: «We don’t want regulation was ahead of understanding.» The head of the SEC, Jay Clayton and other regulators supported this idea, stressing that not want to impose irrational regulations that impede innovation.
The point of view of hon is that because of the innovative nature of the blockchain and cryptocurrency any regulation can quickly become outdated. However, some market observers expect that regulation will be a catalyst for the market rally this year.
Meanwhile, the SEC is not going to stay on the sidelines, trying their hand at ICO and other cryptocurrency projects. Recently, the Commission closed the ICO called Titanium Blockchain Infrastructure Services, have attracted investors $ 21 million.
The regulator also plans to hold a meeting on FINTECH and cryptocurrency at an upcoming investor conference.