SEC Looking Into Companies With Vapid Blockchain Hype
January 24, 2018
The head of the U.S. Securities and Exchange Commission, chairman Jay Clayton, delivered a public statement on Monday slamming companies that leverage the blockchain technology boom for quick profits. He called out the “disturbing” tactics some lawyers use to help cryptocurrency sellers and warned he has “instructed the SEC staff to be on high alert for approaches to ICOs that may be contrary to the spirit of our securities laws.”