Yesterday, the SEC & CFTC briefed the Senate Committee on Banking, Housing, & Urban Affairs. While positive for the overall crypto market, there were warning signs as well.
Jay Clayton, chairman of the SEC, stated that he views all ICOs as security offerings. Despite a lack of clarity on enforcement actions that will be taken against violators, emphasized that these new companies are “squarely in the crosshairs of our enforcement division”.
J. Christopher Giancarlo, head of the CFTC, provided an entertaining take including a statement on his niece who is a HODLer. Check out our video above for the full run down!
I also recommend checking out our other article on the Top 10 Points Made by the SEC and CFTC.
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