SEC Chairman Jay Clayton Issues Statement on Initial Coin Offerings & Cryptocurrencies

In the wake of the SEC’s most recent enforcement action regarding an Initial Coin Offering (ICO) that failed to file for a securities exemption while the issuer, Munchee, clearly promoted the ability for token purchasers to seek an investment return on a “utility” token, SEC Chairman Jay Clayton has issued …
SEC Chairman Jay Clayton Issues Statement on Initial Coin Offerings & Cryptocurrencies