Published On: Tue, Feb 6th, 2018

SEC Chair’s Written Testimony Hints at Moderation for Cryptocurrencies, but ICOs Be Warned

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The written testimony from Jay Clayton, chairman of the United States Securities and Exchange Commission (SEC), was released on February 5, 2018. It comes ahead of the chairman’s oral testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs on February 6, 2018, on the matter of “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.” Usually the written testimony closely mirrors the language we can expect in the oral testimony today. Going through the written testimony, there are several key takeaways to note. (If …

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