Cryptocurrency, Regulations

SEC issues statement on fraudulent ICOs & Crypto-asset Investment Products

SEC Chairman Jay Clayton has issued an official statement on May 22nd labeled, “Statement on NASAA’s Announcement of Enforcement Sweep Targeting Fraudulent ICOs and Crypto-asset Investment Products.” The statement applauds regulators in the US and Canada who are trying to clean up any fraud in the crypto industry. The SEC has been very active protecting investors and we believe the industry will continue to evolve at the current impressive rate.

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