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.
There’s been a lot of attention paid in the last few days about the amount of blockchain and cryptocurrency jobs available at banks like JPMorgan and accounting firms like PricewaterhouseCoopers and Deloitte, but there are more than a few large, non-finance firms looking to hire people with blockchain knowhow and experience right now, including Ford, Revlon, and Penske Logistics, according to LinkedIn Jobs.
Hester Peirce doesn’t want the government to protect you from dumb cryptocurrency investments. Speaking at a taping of Laura Shin’s Unchained podcast at NYU’s Stern School of Business on March 26, the Securities and Exchange Commission’s “Crypto Mom”—a nickname she picked up after dissenting from the commission’s June 2018 decision not to approve a cryptocurrency exchange traded fund (ETF)—expressed a belief that her agency should be focused on protecting securities investors from fraud, not hindering speculation.