Internet reported that SEC Chairman Paul Atkins said in a speech today: "In order to be consistent with the progress of the Innovation Theme and Crypto Working Group, we have asked Congress to replan and approve the integration of the agency's Center for Innovation and Financial Technology Strategy (FinHub) functions into other departments of the agency. FinHub was founded in 2018, at a critical period for the development of emerging technologies. The rapid development of distributed ledger technology (including digital assets, artificial intelligence and machine learning) requires the US SEC to concentrate on deepening understanding. Unfortunately, financial hubs are seen by many as a law enforcement tool rather than a tool to promote innovation. In addition, for its current composition, the financial hub is too small to operate effectively and improve efficiency, and employees 'expertise can be better utilized in other parts of the organization.