SEC Chief: ICOs Are «Absolutely Not» All Fraudulent

Jay Clayton, the chairman of the SEC, stated that financial and regulatory oversight will strengthen the cryptocurrency and blockchain markets. Clayton, speaking with students at Princeton University, has countenanced against condemning the vast majority of ICOs as fraudulent, saying that it’s ‘absolutely not’ the case for many companies starting an ICO, doubling down on the SEC’s ongoing steps to improve accountability.

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