SEC Makes FinHub a Stand-Alone Office
The reorganization strengthens FinHub's ability to address the digital assets space.
![Commissioner Jay Clayton speaks at a 2019 FinHub event.](https://www.coindesk.com/resizer/-9jxVyJujVb33hdUx53NcsQCCLs=/567x378/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ONLYNWHQQFFPTJTQA4W56I3RXQ.jpg)
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.