SEC Chairman Jay Clayton said elevating FinHub to a stand-alone office “furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets.”
Clayton’s SEC brought 56 cases since its July 25, 2017 DAO report first declared virtually all ICO tokens were securities. It added that the SEC stopped 18 suspected frauds involving blockchain, digital assets, or distributed ledger technology.
The Securities and Exchange Commission’s Division of Corporation Finance Wednesday issued its first “no-action” letter informing a would-be ICO producer that it did not consider its tokens securities and would not recommend enforcement action against it for proceeding with the sale.
The Securities and Exchange Commission on Wednesday released its long-awaited (and long-promised) “plain English” guidance designed to help determine if initial coin offerings (ICOs) must register as securities.
