Crypto, Blockchain Should Adapt to US Securities Laws, not Contrariwise, SEC Chairman Says

The United States should not adjust its securities laws to meet the characteristics of new technologies such as blockchain, because the rules have been working very well for several decades, the head of Securities and Exchange Commission (SEC) Jay Clayton has said.

Speaking to a New York Times organized TimesTalksDealBook last week, the SEC head reaffirmed his previous position that cryptocurrencies, initial coin offerings (ICOs), and blockchain should adapt to the existing regulations. According to Clayton, US securities laws are working properly because they can protect investor rights regardless of the used technology as the provisions are technology neutral.

“Technology ought to be able to fit into our rules. And I think this [blockchain] technology has incredible promise for adding efficiency to our marketplace, but I&…

This article appeared first on Cryptovest

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