Friday , June 18 2021

SEC: Bitcoin is not a security, unlike some ICO tokens

The US Securities and Exchange Commission (SEC), Jay Clayton, in the conversation with CNBC, mentioned the position of regulator of the initial offer of coins that Bitcoin has no securities properties.

Throughout the interview, the recently mentioned SEC procedures were referred to by Paragon and Airfox with ICO projects. The latter forced them to pay fine and places were registered as securities.

Clayton stressed that the ICO should continue to carry out any task of distributing places between local residents.

"I think it is clear to all of us that this Bitcoin is not a security, however, many ICOs would be included in this category."– add official

According to him, to prevent problems with his department, ICO organizers must make tokensals abroad. You can also go for a closed offer of coins, as 35 participants take part. In this case, places are not for securities, but the opportunities for promoting this project are reduced.

Remember SEC decisions to start Bitcoin ETF between VanEck and SolidX companies until 2019.

Subscribe to ForkLog YouTube channels!

An error occurred in the text? Select it and press CTRL + ENTER

Subscribe to news Forklog

Source link