Mark Mason
Well-known member
SEC Clarifies Cryptocurrency Regulations, Placing Dash in a Unique Position
The U.S. Security and Exchange Commission’s chairman, Jay Clayton, further clarified the difference between ICOs and cryptocurrencies.
Mr. Clayton started off by talking about cryptocurrencies by saying that “these are replacements for sovereign currencies; replace the dollar, the yen, the euro”. He said that this “type of security, is not a security”. However, he said that it is a security when it is “a token, [or] a digital asset where I give you my money and you go off and make a venture” and in exchange for investing my money there is a return or you can “get a return in the secondary market”. Jay added that “we regulate that; we regulate the offering of that security and the trading of that security.”
Read more: https://www.dashforcenews.com/sec-c...egulations-placing-dash-in-a-unique-position/
The U.S. Security and Exchange Commission’s chairman, Jay Clayton, further clarified the difference between ICOs and cryptocurrencies.
Mr. Clayton started off by talking about cryptocurrencies by saying that “these are replacements for sovereign currencies; replace the dollar, the yen, the euro”. He said that this “type of security, is not a security”. However, he said that it is a security when it is “a token, [or] a digital asset where I give you my money and you go off and make a venture” and in exchange for investing my money there is a return or you can “get a return in the secondary market”. Jay added that “we regulate that; we regulate the offering of that security and the trading of that security.”
Read more: https://www.dashforcenews.com/sec-c...egulations-placing-dash-in-a-unique-position/