The SEC recently announced that its staff will host a public forum focusing on distributed ledger technology (DLT) and digital assets on May 31, 2019. As we discussed recently, Bitcoin and digital assets are growing in market popularity. The SEC has been watching their evolving use. The forum is being organized by the agency’s Strategic Hub for Innovation and Financial Technology (FinHub) and was announced in connection with the launch of FinHub last year. The SEC is focused on staying current with ever changing market data and technology trends, as outlined in their Strategic Plan.
FinHub is committed to active engagement with market participants on new financial technologies. SEC Chair Jay Clayton stated: "The SEC is committed to working with investors and market participants on new approaches to capital formation, market structure, and financial services, with an eye toward enhancing, and in no way reducing, investor protection," said SEC Chairman Jay Clayton. "The FinHub provides a central point of focus for our efforts to monitor and engage on innovations in the securities markets that hold promise, but which also require a flexible, prompt regulatory response to execute our mission." The forum is the second such public venue to be hosted by the agency and will feature panelists from industry and academia and is designed to foster greater communication and understanding around issues involving DLT and digital assets. Panelists will explore such topics as initial coin offerings, digital asset platforms, DLT innovations, and how these technologies impact investors and the markets.
The Fintech Forum will be held at the SEC’s Washington, D.C. headquarters on May 31 and will be open to the public and webcast live via the SEC’s website. More information on the agenda and participants will be published in the coming weeks.
To learn more, see the SEC’s announcement here.