Jay Clayton, the chairman of the Securities and Exchange Commission, isn’t altering any rules for cryptocurrency when it comes to defining what is or what isn’t a security.

“We are not going to do any violence to the traditional definition of security that has worked for a long time,” the federal securities regulator told CNBC Wednesday, restating long-held policy.

The rules won’t be changing for ICOs either, he added. “If you have an ICO or a stock, and you want to sell it in a private placement, follow the private placement rules,” Clayton said “If you want to do any IPO with a token, come see us.” Read more here.

 

ThirtyK Staff
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