SEC Crypto Announcements
Securities and Exchange Commission (SEC) Crypto Announcements
According to the following report, Cryptocurrency ICOs are regulated by the Securities and Exchange Commission (SEC).
This Report reiterates these fundamental principles of the U.S. federal securities laws and describes their applicability to a new paradigmvirtual organizations or capital raising entities that use distributed ledger or blockchain technology to facilitate capital raising and/or investment and the related offer and sale of securities. The automation of certain functions through this technology, ‘smart contracts,’ or computer code, does not remove conduct from the purview of the U.S. federal securities laws.
More to come……………….
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