SEC to create office for crypto companies’ disclosures
It will have two branches — legal and accounting
09.09.2022 - 11:15
276
1 min
0
What’s new? The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance will create a new office to review public reports from crypto companies. The office will have two branches — legal and accounting. The SEC’s Division of Corporation Finance handles the disclosure of publicly traded companies. The Block reports about this.
What else is known about the new office? Cicely LaMothe, the associate director for disclosure operations within the crypto division, said that the SEC considers the new office necessary to handle “unique and evolving” filings related to digital assets, the vast majority of which the agency treats as securities. Much of the crypto industry has resisted that definition or otherwise avoided registering new coins as securities, often leading to litigation. The SEC is currently looking for a staff member to run the office.
Earlier, SEC Chairman Gary Gensler said that he would support a bill that would give more authority to the Commodity Futures Trading Commission (CFTC) to oversee certain cryptocurrencies. Earlier, he called to speed up the registration of cryptocurrency exchanges. Gensler believes that digital asset trading platforms should be handled the same way as securities exchanges
In July, the CFTC created an office to oversee cryptocurrencies
Useful material?
Telegram 
Twitter Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Cryptocurrency rates
-
Bitcoin
$92 797
BTC
-1.83%
-
Ethereum
$3 340.81
ETH
-2.93%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.38
XRP
-4.05%
-
Dogecoin
$0.390027
DOGE
-3.67%
-
Cardano
$0.950445
ADA
-2.35%
-
Stellar XLM
$0.43558
XLM
-13.47%
-
Polkadot
$8.09
DOT
-3.64%
-
Bitcoin Cash
$492.51
BCH
-1.8%
-
Litecoin
$93.27
LTC
-1.37%