“Coordinate efforts across all SEC Divisions and Offices to ensure the correction application of U.S. securities laws to emerging digital asset technologies and innovations, including Initial Coin Offerings and cryptocurrencies.”According to the Director of the Division, Bill Hinman, Szczepanik’s appointment here is vital, given that she has been prolific as a leader within research amongst the markets. According to ICO Examiner, Hinman said:
“Ms. Szczepanik cottoned on early to the securities law implications of developments like blockchain and distributed ledger technologies, and is a recognized leader in responding to developments in our markets.”See the full report from ICO Examiner for yourself, here- https://www.icoexaminer.com/ico-news/sec-appoints-valerie-szczepanik-as-crypto-tsar/ Why is this important? With new figureheads often comes new ideas and new inspirations. By bringing new expertise into the campaign, the SEC have opened up new avenues for exploration. Now this is very important as the cryptocurrency markets are very reactive to moves made by the SEC, therefore we should consider this appointment as a very powerful one. In short, we can expect to see the markets react to this news, once Szczepanik gets settled into the role and starts making changes. As a Senior Adviser, her advice will resonate within the SEC and thus, will go on to shape the future regulation of cryptocurrencies in the United States. Therefore, this news, is pretty big and thus, should not be underestimated. Hopefully, Szczepanik will move the SEC forward into the cryptocurrency revolution and thus, her advice will remain positive about crypto and positive about blockchain. With this, Szczepanik certainly has the power to see real innovation take hold of the US markets.