SEC can deal with ICO crime says the agency’s chairman

North America Regulations United States

Appearing before the House Financial Services Committee, the chairman of the Securities and Exchange Commission (SEC) Jay Clayton said that he is cautiously optimistic about the division’s enforcement of the law in the context of ICOs and their potential vulnerability to Pump-and-dump schemes.

He also expressed concern about the new technology’s vulnerability as a potential threat to cryptocurrencies adoption in the financial markets and said that more education on the ICO’s risks is needed.

About the author

Beatrice Ozanne

Beatrice Ozanne

Leave a Comment

Coinlaw Newsletter

Whether you are a law firm, founder gearing-up for a token offering, or a crypto currency trader, subscribe to the biggest crypto legal newsletter to be informed of the latest developments in each and every jurisdiction