Securing Innovation in Financial Regulation Act

This legislation aims to formally establish the Strategic Hub for Innovation and Financial Technology (FinHub) within the Securities and Exchange Commission (SEC) and LabCFTC within the Commodity Futures Trading Commission (CFTC). The SEC's FinHub will be created to support engagement on emerging financial technologies, serving as a vital resource for the Commission. Its responsibilities include engaging directly with market participants and facilitating clear communication regarding the SEC's rules and regulations. Concurrently, the CFTC's LabCFTC is codified with the purpose of promoting responsible financial technology innovation and fostering fair competition. LabCFTC will advise the Commission on rulemakings, provide internal education on financial technology, and conduct outreach to innovators to explain the regulatory framework. Both FinHub and LabCFTC are mandated to submit annual reports detailing their activities and engagements to their respective commissions or Congress.