U.S. Securities Laws May Apply to Token Sales

SECUnited States Securities Laws May Apply to Offers, Sales, and Trading of Interests in Virtual Organizations as the U.S. Securities and Exchange Commission (SEC) stated today in a press release that the offering and sale of digital tokens “are subject to the requirements of the federal securities laws”.

“The SEC is studying the effects of distributed ledger and other innovative technologies and encourages market participants to engage with us,” said SEC Chairman Jay Clayton. “We seek to foster innovative and beneficial ways to raise capital, while ensuring – first and foremost – that investors and our markets are protected.” he added.

You can read the full press release here: sec.gov

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