SEC Makes FinHub a Stand-Alone Office

The reorganization strengthens FinHub's ability to address the digital assets space.

AccessTimeIconDec 3, 2020 at 8:47 p.m. UTC
Updated Sep 14, 2021 at 10:38 a.m. UTC

The U.S. Securities and Exchange Commission's (SEC) fintech hub is getting an upgrade.

Strategic Hub for Innovation and Financial Technology, or FinHub for short, will become a stand-alone office with Senior Advisor for Digital Assets Valerie A. Szczepanik continuing at the helm. Szczepanik will now report directly to the SEC commissioner under a reorganization announced Thursday.

FinHub has played prominently in the SEC's crypto strategy since its 2018 formation. Now a permanent fixture of the regulator's hierarchy, FinHub is poised to take on an even more expansive role. SEC said the shift "strengthens" its ability to adapt to ever-changing financial markets.

"Our action to establish FinHub as 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," said Commissioner Jay Clayton in a press statement.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.