The US Securities and Exchange Commission has had a new crypto commissioner since June. Her name is Valerie Szczepanik and she hopes for more dialogue between the emerging crypto industry and the Securities and Exchange Commission (SEC) in the future.
It is the now almost old song that still echoes through the halls of the SEC. A thin melody that tells of the fears of investors. The dominant voice of the regulators, against which the melody hardly reaches the audience, roars over it. The quintessence of the regulatory song: Innovation against law.
But cryptosoft is about to change
At least when it comes to the US Securities and Exchange Commission’s cryptosoft commissioner. As Bloomberg reports, she explained that the current tones between the review of onlinebetrug about crypto start-ups and Franklin D. Roosevelt’s. Roosevelt founded SEC are anything but conducive:
“We hope that people will adapt. But if there are no signs of this, if people decide to ignore the laws, we might have to take a different line.”
So the threat resonates: Either you play by our rules or we have to strike a different note. Nevertheless, at the moment the SEC apparently prefers dialogue to dispute:
“We want people to come and talk to us. When I meet people, I want them to see me as someone who is interested in communication. And as someone who promotes innovation and helps investors and markets grow.”
Cryptozarin Valerie Szczepanik has experience
Her new job, called “Cryptozarin” by Bloomberg, involves monitoring the crypto industry and ICOs in particular. (Where it’s not easy to choose between scam and innovation and find the needle in the haystack. More information here). This is the experience of the Digital Assets and Innovation Commissioner, who has been in office since June, having previously supervised initial public offerings and share sales.
In any case, she will still have a lot to do with her job as a cryptozarin in the near future. According to Coinschedule’s figures, ICOs raised $5.6 billion in capital last month – more than in any previous month. (By the way, this corresponds approximately to Bitcoin’s 24-hour trading volume). The cryptozarin also participates in the decision on the upcoming Bitcoin ETFs. In any case, Valerie Szczepanik had a say in the decision to reject the Bitcoin ETFs of the Winklevoss brothers.
Among the regulators, she is considered an expert – in addition to 20 years of SEC experience, the 51-year-old also has experience in cryptospace. She has been working with Bitcoin for six years now – she can tell you a thing or two about it.