SEC Opens New Division For Cooperating With Crypto Startups

  • Alex Dovbnya
    📰 News

    The Securities and Exchange Commission (SEC) has recently launched a fintech hub for engaging with cryptocurrency businesses, its recently published press release states

SEC Opens New Division For Cooperating With Crypto Startups
Cover image via u.today

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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