In March, the Securities and Exchange Commission (SEC) announced that it is all set to organize a forum on May 31 at its official headquarters.
A press release put out by the federal body said, “The forum is being organized by the agency’s Strategic Hub for Innovation and Financial Technology (FinHub) and was announced in connection with the launch of FinHub last year. FinHub is committed to active engagement with market participants on new financial technologies. The forum is the second such forum to be hosted by the agency, will feature panelists from industry and academia, and is designed to foster greater communication and understanding around issues involving DLT and digital assets.”
The SEC mentioned that this was the second such forum, but did not mention when the first forum was held. It further stated that the panel would touch on topics such as initial coin offerings (ICOs), digital asset platforms, Distributed Ledger Technology (DLT) innovations, and how these technologies impact investors and the markets.
For the longest time, the SEC has been walking a tightrope path between regulating cryptocurrencies and outright banning them. However, with this move and several others, the body is ready to take a good, hard look at the positive side of regulating cryptocurrencies.
Recently, the SEC has been looking to appoint a cryptocurrency financial analyst. A job post detailing the same had said, “The Crypto Specialist provides expertise and coordinates TM activities regarding crypto and digital asset securities. Duties include coordination with Division staff to establish a comprehensive plan to address crypto and digital asset securities; engage with other Divisions and Offices on such matters; serve as the Division’s point of contact for domestic and international regulators, market participants, and the public; provide expert level comment on policy and workstreams.”
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