The Securities and Exchange Commission (SEC) has recently launched a fintech hub for engaging with cryptocurrency businesses, its recently published press release states. The agency’s new office will let regulators and entrepreneurs interact with each other, looking for solutions in such spheres as Blockchain, AI and more.
The main purpose of this fintech hub is to create a central point for sharing innovative ideas that could propel the technological growth in the US. As TechCrunch founder Michael Arrington pointed out earlier, America is already lagging behind other markets with regard to Blockchain. However, SEC’s new division is poised to be an icebreaker.
SEC Chairman Jay Clayton states that the agency will focus on capital formation and financial services while protecting investors from market manipulations.
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