SEC to Provide More Regulatory Clarity for Crypto Token Sales

Crypto Globe Mon, 11 Feb 2019

The US Securities and Exchange Commission (SEC) will be clarifying its stance on securities laws - as they apply to cryptocurrency token sales. In a speech delivered at the University of Missouri School of Law, Hester Peirce, a prominent SEC commissioner who’s known for supporting crypto-related initiatives, stated that the securities regulator was preparing “supplemental guidance” for firms planning to launch initial coin offerings (ICOs). Peirce explained that SEC’s guidance would help companies determine “whether their crypto-fundraising efforts fall under the securities laws.”