It has been a long debated topic whether to consider cryptocurrencies launched through ICOs as securities or not! To tackle this issue, the U.S. Securities and Exchange Commission (SEC) has launched a Strategic Hub for Innovation and Financial Technology (fintech), dubbed FinHub.
The FinHub will make it easy for fintech startups to undergo through the legal complications to launch Initial Coin Offerings (ICOs). Moreover, it will act as a central medium for the securities agency to interact with developers and entrepreneurs from the fintech space. The FinHub will also take over a few of the tasks for the existing groups working on similar issues.