ICOs Can Be “Effective” Way of Raising Capital, Says US SEC Chair

Jay Clayton, chairman of the US Securities and Exchange Commission (SEC), seems to have no hard feelings for initial coin offerings (ICOs) as long as they abide by the securities laws of the United States. In a speech delivered last week, Clayton broached the subject of ICOs by acknowledging that their lack of accountability creates some issues, but he noted that this should not tarnish the idea of coin offerings as a whole.

“A number of concerns have been raised regarding the digital assets and ICO markets, including that, as they are cu…

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