The SEC is spinning out its FinHub initiative into a standalone agency office

The Securities and Exchange Commission announced today it is spinning out its Strategic Hub for Innovation and Financial Technology (FinHub) into a standalone office.

Since 2018 the branch has spearheaded agency efforts on responsible innovation and has been the SEC’s main lens into the world of blockchain and crypto.

Valerie A. Szczepanik, FinHub’s head, will continue on as its director as a standalone office. She will continue to report to the SEC chairman.

The idea is for Szczepanik and the office to coordinate the introduction of policy for emerging technologies across all SEC divisions and offices. FinHub will serve as the main point of analysis for new technologies as well as policy advisor

."The scope and complexity of FinHub's work has continued to evolve and expand as technology itself has evolved," said Ms. Szczepanik in a statement. "This organizational shift will facilitate the agency's agility and flexibility to work with market participants and regulators worldwide, and to encourage leading-edge innovation that will shape the intersection between the federal securities laws and technology."

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Aislinn Keely joined The Block in the summer of 2019. She is a member of the outlet's policy team, holding down the legal beat. Before The Block, she lent her voice to the NPR affiliate WFUV, where she reported and anchored newscasts in addition to some podcast work. Aislinn is a proud Fordham Ram and editor-in-chief emerita of its newspaper. When she isn't writing or reporting, Aislinn is running and rock climbing.