• Ratcliffe SEC investigate Chinese control crypto
    Bitcoin,  Cryptocurrencies,  Ethereum,  Politics,  Regulation,  Ripple

    U.S. intelligence head asked SEC to investigate Chinese control over crypto: Report

    The Washington Examiner reports that Director of National Intelligence John Ratcliffe asked SEC Chairman Jay Clayton to investigate the control China’s mining dominance gives it over cryptocurrency

    The article said Ratcliffe’s letter represented “a push by President Trump's spy chief to convince the SEC to implement rules that make it easier for U.S.-owned cryptocurrency companies to compete against those based in and controlled by China.”

  • payment systems push Bitcoin Clayton
    Bitcoin,  Regulation

    Slow, costly payment systems push Bitcoin higher: SEC’s Jay Clayton

    The Securities and Exchange Commission’s chairman said the financial system’s inefficiencies will help crypto payment solutions arise; a new Senate ally will also help

    Securities and Exchange Commission chairman Jay Clayton suggested that Bitcoin (BTC) is thriving thanks to the shortcomings of the traditional financial system.

  • Bitcoin,  Cryptocurrencies,  People,  Regulation

    SEC Chair Jay Clayton stepping down early

    An unpopular figure in the cryptocurrency and digital asset industry, under Clayton the Securities and Exchange Commission declared almost all cryptocurrencies were securities, led a legal assault on ICOs, and blocked bitcoin EFTs

    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.

  • SEC accredited investor rule change
    Cryptocurrencies,  Regulation

    You no longer need daddy’s Ferrari to be considered a sophisticated investor

    A Securities and Exchange Commission rule change pries open the door to letting the non-wealthy invest in the private capital markets favored by post-ICO crypto startups

    Ever since the agency’s crackdown on initial coin offerings, the only way to participate in the private capital markets used to raise money for startups is to meet the definition of an “accredited investor”—which boiled down to “be a millionaire” for individuals and “entities” with at least $5 million.

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