Africa

Asia

Europe

Middle East

North America

South America

United States

Cryptoassets & Blockchain Legal News

BTC $ 3605 0.86%
BCH $ 128 4.26%
ETH $ 119 1.29%

United States

Crypto coins no different than stocks – SEC Chairman

December 5, 2017 by Ashley MAO

Chairman of the U.S. Securities and Exchange Commission (SEC) Jay Clayton revealed, that the agency sees little difference between trading stocks and inviting people to invest in ICOs as both falls under the federal securities laws.

He added that no matter how cryptocurrencies are classified, bokes must follow KYC/AML regulations. He did not, however, reveal if SEC has any plans to issue formal regulations in ICOs and crypto tokens.

“Your responsibilities on knowing your customer are the same as if someone shows up and plunks a bag of cash on your desk,” said the Chairman.

Tags:

More info from other sources

Ashley MAO, Coinlaw

view profile
Ashley MAO is a member of the Coinlaw team. Read more about our team.

SIMILAR NEWS

United States Latest Cryptoassets & Blockchain Legal News

Stay tuned with the legal news on blockchain & cryptoassets

Whether you are a founder gearing-up for an ICO, a token-buyer or a cryptoasset trader, subscribe to our newsletter to be informed of the latest legal developments impacting blockchain & cryptoassets in each and every jurisdiction