Archive: initial coin offerings


SEC Chief: Bitcoin Not a Security

By Adam Sharp on June 7, 2018

For years, we’ve been thinking about how (and if) the Securities and Exchange Commission would regulate bitcoin. Yesterday, we almost got our answer when SEC Chairman Jay Clayton drew a line in the sand between bitcoin and initial coin offerings (ICOs). And it was mostly good news. “Cryptocurrencies – these are replacements for sovereign currencies,” Clayton said on CNBC. “They replace the dollar, the yen, the euro with bitcoin. That type of currency is not a security.” Clayton’s declaration that…