U.S. Securities and Exchange Commission creates offices for crypto-assets

In light of the surge of applications from crypto issuers to the SEC, the SEC has decided to open 2 offices. They will process applications from issuers as well as handle other issues related to crypto.

As part of the Division of Corporate Finance's Disclosure Review Program (DRP), the SEC announced plans to create two offices, the Office of Crypto Assets & the Office of Industrial Applications & Services, which will exclusively handle crypto assets & industrial applications & services, respectively.

"The creation of these new offices will allow the disclosure review program to strengthen its focus on crypto-assets, financial institutions, life sciences, and industrial applications and services and facilitate our mission," Renee Jones, director of corporate finance.

A recent filing with the SEC revealed MicroStrategy's intention to sell $500,000,000 worth of Class A stock & reinvest capital "for general corporate purposes, including the acquisition of bitcoin."

Even the SEC is already starting to actively watch crypto & accept bids from issuers nonstop, and you still haven't built your portfolio to monitor your assets. Hurry and fix that in our Moni app. All Gem City residents should be aware of their cryptocurrency dealings :D.