The Corporate Finance Division of the US Securities and Exchange Commission has announced that a new unit will be established for the oversight and regulation of crypto companies.
According to TheBlock news, the SEC official Cicely LaMothe In his speech at a conference in Washington on September 8, the SEC was able to meet the unique cases of cryptocurrencies. a new office announced that it will.
Law and accounting The unit, which will work in two different areas, is the SEC, which deals with the statements of public companies. Corporate Finance Department stated that it will operate under
LaMothe said the SEC’s new unit is deemed necessary to address unique cases of digital assets being viewed as securities. Although the cryptocurrency industry is against the definition of digital assets as securities, even though he opposes The SEC does not change its views on this issue. insists. In addition, the official is to establish a new office for the newly established offices. to the manager He also stated that they need