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New associate director of the SEC’s Division of Corporation Finance will coordinate ICO and crypto efforts

On June 5, the USA Securities and Exchange Commission (SEC) announced that Valerie A. Szczepanik was named associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for division director Bill Hinman.

In this new advisory position, Szczepanik will coordinate efforts across all SEC Divisions and Offices regarding the application of USA securities laws to emerging digital asset technologies and innovations, including initial coin offerings (ICOs) and cryptocurrencies.

«Valerie’s thought leadership in this area is recognized both within the Commission and across financial regulators in the United States and abroad», – said 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».