On Oct. 18, the Securities and Exchange Commission (SEC)
announced the creation of the Strategic Hub for Innovation and
Financial Technology (FinHub). According to an SEC press release,
the FinHub will serve as a centralized resource on the SEC's
fintech initiatives, including those relating to blockchain,
digital marketplace financing, automated investment advice and AI.
SEC Chairman Jay Clayton said, "The FinHub provides a central
point of focus for our efforts to monitor and engage on innovations
in the securities markets that hold promise, but which also require
a flexible, prompt regulatory response to execute our
mission." Valerie A. Szczepanik, Senior Advisor for Digital
Assets and Innovation and Associate Director in the SEC's
Division of Corporation Finance, will lead the FinHub, which will
be staffed by members of various SEC divisions and offices with
fintech expertise.