When SEC Chairman Jay Clayton spoke on CNBC earlier this week regarding upholding the traditional definition of a security in the cryptocurrency space, a lot of blockchain-based companies and their investors began to worry. Relex, however, is ready whether it’s deemed a utility or a security.

Earlier today, Relex received a formal letter from an Enrolled Agent at the IRS, licensed to represent clients at all levels of the IRS in all 50 states and by the U.S. Treasury. (For more information about the special designation of an Enrolled Agent, please see here.)

The letter stated that Relex is unequivocally a utility token.

Relex is in a unique position. It did not have an ICO. It has conducted business in a fair way, honoring the highest business practices and refusing price manipulation.

If at any point, however, the U.S. government makes a ruling that would position Relex as a security — we’re ready.

Our partnership with Katipult puts Relex at the forefront of regulatory compliance, positioned to function as either a utility or security — no problem.

It is precisely this ability to pivot seamlessly and function in either designation that has Relex at the vanguard of a cryptocurrency space that is experiencing its greatest shakeup in its history. When the dust settles, Relex will be there: firm, transparent, and continuing to prosper.

To join the conversation, visit the Relex community:

Telegram: https://t.me/relex_core.

Relex website: www.relex.io

Relex Twitter: @RelexTalk

Relex Facebook: @RelexTalk

Relex SubReddit: https://www.reddit.com/r/RelexRLX/

Relex is traded on the following exchanges:

IDEX

EtherDelta

Stocks.Exchange

Sistemkoin

Nebula Exchange