At the end of last week, the SEC announced that it would be establishing two new office within its Division of Corporation Finance’s Disclosure Review Program (DRP): an Office of Crypto Assets and an Office of Industrial Applications and Services.
According to a statement from the SEC, part of the DRP’s responsibilities include reviewing company filings, and as presently constructed, the division has seven existing offices that are industry specific. The addition of a branch dedicated to crypto asset filings suggests federal institutions are beginning to monitor an industry that has witnessed a $1 billion loss in scams alone.
