Speaking at the SEC Speaks conference in Washington, chairman Jay Clayton highlighted the digital currency space giving a broad summary of the organization’s activities and roles.
Clayton selected to touch principally on instances wherever existing laws had been wont to take care of disobedience from crypto entities.
“In the digital assets space, the Division of Enforcement has brought cases that demonstrate that there is a path to compliance with the federal securities laws going forward, even where issuers have conducted an illegally unregistered offering of digital asset securities,” he said. The chairman continued:
“This path includes appropriate disclosures to investors so they can make a more informed decision as to whether to seek reimbursement or continue to hold their tokens.”
Clayton in the meantime also Drew more attention to cryptocurrency’s look within the SEC’s in-house Examination Priorities for 2019, compiled in Dec by its workplace of Compliance Inspections and Examinations.
The comments underscore a continuous commitment to crypto and its impact on areas like securities laws, the U.S. taking slow however comprehensive steps to formalize their status at the national level.
In recent months, the continuing battle between the regulator and players concerned in bringing back a cryptocurrency-based exchange-traded fund to promote has been additional conspicuous.
Last month the reporters reported, despite multiple delays and different setbacks, each the SEC and fellow body Commodity Futures Trading Commission are continually reviewing the status of corresponding applications.