The US Securities and Exchange Commission is forming two new offices to process filings related to crypto-assets and the life-sciences sector, according to a statement by the agency on Friday.

The Securities and Exchange Commission (SEC) department which handles corporate disclosure filings will add the “Office of Crypto Assets” and the “Office of Industrial Applications and Services” to join the seven other departments it overseas.

Renee Jones, director of the Division of Corporation Finance said, “As a result of recent growth in the crypto asset and the life sciences industries, we saw a need to provide greater and more specialized support.”

As cryptocurrencies and other digital assets have grown more popular, they have become increasingly intertwined with the regulated financial system, creating a massive unregulated sector at times operating within the regulated financial infrastructure.

Crypto demand has been dropping of late however, as the sector has been beaten by investors fleeing risk assets as the economy has slowed and inflation has prompted strong moves by the Federal Reserve.

As the sector has collapsed, cases have emerged where possible financial improprieties have left investors with their crypto assets either gone or locked up in companies as investigations have tried to unravel what happened to user’s assets. In addition, allegations of money laundering, and consumer data violations have increased calls for more regulation in the sector.

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