; and (5) Congress should enact a functional framework tailored to the specific risks of different digital asset-related activities and unique benefits of distributed ledger technology, distributed networks, and decentralized systems; and (6) consumers and market participants will benefit from a framework for digital assets consistent with longstanding investor protections in securities and commodities markets, yet tailored to the unique benefits and risks of the digital asset ecosystem. 602. Codification of the SEC Strategic Hub for Innovation and Financial Technology Section 4 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d ) is amended by adding at the end the following: (l) Strategic Hub for Innovation and Financial Technology (1) Office established There is established within the Commission the Strategic Hub for Innovation and Financial Technology (referred to in this section as the FinHub ). (2) Purposes The purposes of FinHub are as follows: (A) To assist in shaping the approach of the Commission to technological advancements. (B) To examine financial technology innovations among market participants. (C) To coordinate the response of the Commission to emerging technologies in financial, regulatory, and supervisory systems. (3) Director of FinHub FinHub shall have a Director who shall be appointed by the Commission, from among individuals having experience in both emerging technologies and Federal securities laws and serve at the pleasure of the Commission. The Director shall report directly to the Commission and perform such functions and duties as the Commission may prescribe. (4) Responsibilities FinHub shall— (A) foster responsible technological innovation and fair competition within the Commission, including around financial technology, regulatory technology, and supervisory technology; (B) provide internal education and training to the Commission regarding financial technology; (C) advise the Commission regarding financial technology that would serve the Commission’s functions