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There doesn't appear to be any new information here, and this quote sums it up pretty well: The SEC staff has concerns that many online trading platforms appea
by apo 9y ago
There doesn't appear to be any new information here, and this quote sums it up pretty well:
The SEC staff has concerns that many online trading platforms appear to investors as SEC-registered and regulated marketplaces when they are not.
The SEC has already made its view clear that many ICOs fall under SEC regulatory jurisdiction. For example:
https://www.sec.gov/news/testimony/testimony-virtual-currencies-oversight-role-us-securities-and-exchange-commission https://www.sec.gov/news/testimony/testimony-virtual-currenc...
- AlexCoventry 9y agoYou could argue that there was no new information in the DAO guidance, too, but it did sharpen the public perception of the SEC's position. I think this warning is doing the same. Also, ICOs and exchanges are different beasts, both subject to SEC jurisdiction. This is about regulation of and enforcement against exchanges, not ICOs.