Illustration: Rebecca Zisser / Axios

The U.S. Securities and Exchange Commission has named Valerie A. Szczepanik as associate director of its division of corporation finance, and senior advisor on digital assets to the division's director, a new position. She will be tasked with coordinating the commission's efforts on digital currencies.

Why it matters: SEC commissioner Hester Peirce recently said she hopes further guidance will come from the commission's corporation finance division rather than its enforcement unit, which has been increasingly going after initial coin offering fraudsters.

Crypto-cred: Previously at the commission's cyber-crime unit, Szczepanik has been the head of the SEC's internal working group on distributed ledger technology, making her one of its top experts on the field. She has degrees in law and engineering.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 4 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.