The U.S. Securities and Exchange Commission (SEC) is set to create a new office to handle the review of company filings related to crypto assets. Named the Office of Crypto Assets, it will be under the SEC's Division of Corporate Finance as part of its Disclosure Review Program (DRP).
In a press release, the SEC stated that assigning the review of filings involving crypto assets to its own office will enable the DRP to better focus resources and expertise on addressing the unique and evolving crypto assets-related filing review process.
Along with the Office of Crypto Assets, the SEC also announced an Office of Industrial Applications and Services which is to handle the review of filings related to non-pharma, non-biotech, and non-medicinal products companies currently assigned to the Office of Life Sciences.
Both offices are expected to come into operation this fall. According to Renee Jones, Director of the Division of Corporation Finance, the regulator expects the two offices to...
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