SEC Makes FinHub a Stand-Alone Office

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

By Danny Nelson

Dec 3, 2020, 8:47 PM

Updated Aug 19, 2021, 5:58 AM

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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.

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