To be expected....from off grid to back on the grid....SEC Chairman Jay Clayton said so-called initial coin offerings in many cases looked like securities, raising the prospect the agency will take a more aggressive stance to this red-hot fundraising method. “I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security,” Mr. Clayton said in an unscripted remark.
Clayton says ICOs in many cases look like securities, suggesting companies may need to register the deals with the SEC SEC Chairman Jay Clayton said so-called initial coin offerings in many cases looked like securities, raising the prospect the agency will take a more aggressive stance to this red-hot fundraising method. “I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security,” Mr. Clayton said in an unscripted remark delivered in the middle of a speech at the Institute on Securities Regulation in New York Wednesday .
https://www.wsj.com/articles/sec-chief-fires-warning-shot-against-coin-offerings-1510247148
unknownx500
