SEC Makes a Move Towards Crypto Regulations, Appoints its First-ever Crypto Chief

The U.S. Securities and Exchange Commission (SEC) is taking potential steps towards crypto regulations as it just appointed Valerie A. Szczepanik as its first ever Senior Advisor for Digital Assets and Innovation. 
Published by

Bethesda’s head of marketing and public relations, Pete Hines, said when the details for The Elder Scrolls VI are revealed. Spoiler: have to be patient.

According to the game portal Hermitgamer, it became known from Twitter, where Pete Hines was asked how long we had to wait for news about the new part of the franchise.

– So, let’s figure it out. When will we know something about The Elder Scrolls VI? We need this.

– After Starfield, about which you know nothing. So if you are waiting for details right now, and not in a few years, I’m ready to disappoint you.

Hermtgamer also learned that Starfield is a space-based role-playing game from Bethesda, which we are also not told about. We only know that now this is the main priority of the studio.

The sixth part of The Elder Scrolls was announced back in 2018 – then we were shown a short video with a camera span around the game world. We still do not know where the events of the game will unfold, but there are rumors that this will be the homeland of the Redguards.

The U.S. Securities and Exchange Commission (SEC) is taking potential steps towards crypto regulations as it just appointed Valerie A. Szczepanik as its first ever Senior Advisor for Digital Assets and Innovation. The Czar will be responsible for handling and supervising matters related to digital currency including ICOs and cryptos. The move hints at the efforts of the agency to expand its oversight of the digital assets, while at the same time strengthening the regulatory hold.

Advertisement

SEC appoints Valerie A. Szczepanik to oversee crypto regulations

According to the press release by SEC, the newly appointed Valerie A. Szczepanik

“will coordinate efforts across all SEC Divisions and Offices regarding the application of U.S. securities laws to emerging digital asset technologies and innovations, including Initial Coin Offerings and cryptocurrencies.”

She will be reporting to the Director of Division of Corporation Finance.

Mr. Bill Hinman, the director of the Division says that

Valerie recognized early on the securities law implications of developments like blockchain and distributed ledger technologies, and of cryptocurrencies, Initial Coin Offerings, tokenized securities, and other digital instruments”.

Working for the SEC since 1997, she was among the first to publicly comment on ICOs. The ‘crypto chief’ is known for her advert stand and emphasis on the interests of the investors. Recently a part of the Consensus blockchain conference in New York, she was quoted saying

“if you want (the crypto) industry to flourish, protection of investors should be at the forefront.”

The senior advisor added that she is

“excited to take on this new role in support of the SEC’s efforts to address digital assets and innovation as it carries out its mission to facilitate capital formation, promote fair, orderly, and efficient markets, and protect investors, particularly Main Street investors.”

The SEC holds the primary responsibility of enforcing federal securities law as well as regulating the market. Since there is no clarity on the nature of cryptocurrencies by SEC yet, makes this newly created post highly crucial.

Also, read: Polish Finance Ministry Temporarily Suspends Irrational Crypto Tax

Are we finally in for crypto regulations?

With constant directives aimed at alleged scams and suspicious activities in the digital currency market, the appointment has been announced at a crucial time for the SEC, as well as for the crypto market.

Hinting at the same, Jay Clayton, the SEC chairman was quoted saying that

“Val is the right person to coordinate our efforts in this dynamic area that has both promise and risk.”

The market has been feeling the blues for quite some time. There has been also much anticipation going around the state’s take on cryptocurrency after a former top regulator stated that Ethereum and Ripple, two of the major cryptocurrencies, are “non-compliant” securities working outside U.S. laws, earlier last month.

In the uncertain environment of crypto, the appointment of Szczepanik has sparked off nervous anticipations in the market; the dice could roll off in either direction.

Do you think this latest appointment will help take some burden off of the digital assets market or like some observers anticipate, will only increase it further? Share your thoughts with us!

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025
  • 24/7 Cryptocurrency News

FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe.…

October 4, 2025
  • 24/7 Cryptocurrency News

BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert

Binance Coin (BNB), the native cryptocurrency of BNB Chain, has surged another 8% today, moving…

October 4, 2025