SEC to add a new Office of Crytpo Assets


The US Securities and Exchange Commission has announced that it is adding a new crypto-asset office that will be used to review company filings related to crypto-assets.

The new office will focus on reviewing crypto assets that companies report to in their SEC filings, more details of which can be found below.

The Securities and Exchange Commission today announced plans to add the Office of Crypto Asset and the Office of Industrial Applications and Services to its Corporate Finance Division’s Disclosure Review Program (DRP) division. The DRP has long had offices to review company filings by issuers. The two new offices will join the existing seven that provide focused review of issuer filings grouped by industry experience to enhance the division’s work to enhance capital formation and protect investors. The DRP expects that the new offices will be established later this fall.

“As a result of the recent growth in the crypto-asset and life sciences industries, we saw the need to provide larger and more specialized support in the DRP Finance and Life Sciences office,” said Renee Jones, Division Director. Corporate finance. “The establishment of these new offices will enable 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 fulfill our mission.”

You can find out more details about the SEC’s plans to monitor crypto assets at the link below.

Source SEC

image rights: Art Russian

Filed Under: Technology News

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