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Given the influx of applications from U.S. cryptocurrency issuers, the Securities and Exchange Commission (SEC) has decided to provide professional support to the seven offices currently responsible for reviewing issuer applications. has decided to open two new offices this fall.
Under the Division of Corporate Finance’s Disclosure Review Program (DRP), the SEC announced We plan to add two more offices, a crypto assets office and an industrial applications and services office, each focused purely on handling crypto assets and industrial applications and services.
Sharing an insight into the move, Renee Jones, Director of Corporate Finance, said:
The establishment of these new offices will enable DRP to strengthen its focus in the areas of crypto assets, financial institutions, life sciences and industrial applications and services, furthering our ability to deliver on our mission.
According to the announcement, the Office of Crypto Assets has taken over the DRP’s efforts to review cryptocurrency filings, with the department redeploying its resources to “address unique and evolving filing review issues related to cryptocurrencies.” Allows you to concentrate.
Meanwhile, the Industrial Applications and Services office will be established to take over non-pharmaceutical, non-biotech, and non-pharmaceuticals from the Life Sciences office.
Related: Brazil’s SEC is about to change its role in cryptocurrency regulation
Recent SEC filing reveals MicroStrategy intends to sell $500 million worth of Class A shares and reinvest capital for general corporate purposes, including the acquisition of Bitcoin (BTC) made it
MicroStrategy holds approximately 129,699 BTC, which has been accumulated over several years with a total purchase price of $3,977 million. Data from the Bitcoin Treasury shows that the company’s bitcoin reserves have lost more than $1 billion as the price of the cryptocurrency failed to recover.
