U.S. Secretary of the Treasury Says "ICO is a valid fundraising method, but securities laws should be complied with"
The current U.S. Securities and Exchange Commission (SEC) head, Jay Clayton, stated in his year-end speech on December 6 that
regarding cryptocurrency ICOs, he acknowledged that “ICO is a valid fundraising method,” but he emphasized that “securities laws must be complied with.”
Summary of SEC Chief’s Remarks
In the year-end speech, issues related to investor protection, capital formation, the proxy process, and market risk were discussed,
covering 2018’s activities in finance and regulation and expectations for 2019 onward through various topics.
Among them, the important points about cryptocurrencies mentioned by the SEC chief in his speech are summarized in the following three items for your viewing:
- The SEC focused on distributed ledger technology, digital assets, and ICO regulation
- ICO does not adequately protect investors in practice
- ICO is an effective fundraising method, but securities laws must be complied with
LINE addition ID ➜【＠oup9975q】
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