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SEC’s Senior Advisor for Digital Assets Valerie Szczepanik: Stablecoins May Be Securities


The senior advisor for digital assets at the U.S. SEC reportedly noted that stablecoins could raise issues under securities laws.

Senior advisor for digital assets at the United States Securities and Exchanges Commission (SEC) Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws. Blockchain-related news website Decrypt reported her comments on March 16.

Szczepanik, also known as the Crypto Czar, was appointed to the new position of associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for Division Director Bill Hinman in June of 2018.

When Szczepanik reportedly made the statement concerning securities at Austin’s SXSW conference on March 15, she also broke stablecoins into three categories.

One kind of stablecoins are the ones tied to real assets such as gold or real estate, and another type…



Read Full Story : Cointelegraph.com News

2019-03-16 11:29:00

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Written by Cointelegraph

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