The Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, urged market professionals who in any way participate in initial coin offerings (ICOs) to “act responsibly.”
Having once stated that all the ICOs he’s seen have had “a sufficient number of hallmarks of a security,” Chairman Clayton’s warnings for ICO professionals were consistent with the SEC’s guidance to those professionals in 2017.
Learn what the SEC said about ICOs in 2017.
Read the full Client Alert here.