While ransomware attacks regularly cripple companies ranging from local hospitals to electronics giant Foxconn, financial firms are a particular concern.
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SEC Commissioner Hester Peirce—aka Crypto Mom—said cryptocurrency is good for freedom, but regulation could strangle it (Photo: U.S. Senate)Crypto Mom: Cryptocurrency regulation undercuts freedom
SEC Commissioner Hester Peirce told the libertarian Federalist Society that by cutting out financial intermediaries, crypto is a powerful force for personal liberty
The Republican appointee praised cryptocurrency for making the principle that people have a fundamental right to voluntarily to engage in mutually beneficial transactions with one another more powerful than ever before in history.
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Valerie Szczepanik is moving on up at the SEC, becoming the first director of a standalone FinHub (Photo: NYU)SEC elevates stature of FinHub innovation unit
The Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology is now a stand-alone division, giving newly minted director Valerie Szczepanik more influence
SEC Chairman Jay Clayton said elevating FinHub to a stand-alone office “furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets.”
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Wyoming's claim to be able to allow firms to custody digital assets seems alien to the SEC (Photo: Pixabay/Mike Goad)SEC taking dim view of Wyoming’s claim it can authorize crypto custody
The Securities and Exchange Commission is seeking comments on Wyoming’s recent No-Action Letter authorizing state-chartered trust companies to custody traditional and digital assets
The Wyoming letter asserts that the state-chartered trust companies are allowed to be “qualified custodians” for digital assets. In response, the SEC’s Division of Investment Management published its own staff statement highlighting that the Wyoming letter made clear that it “expressly states that the letter ‘should not be construed to represent the views of the SEC or any other regulatory agency.’”