Too Long; Didn't Read
Last week SEC Chairman Jay Clayton made a <a href="https://www.coindesk.com/sec-chief-not-icos-bad/" target="_blank">speech at Princeton</a> and said that utility tokens can be securities, and that eventually these tokens can also be utility tokens. This kind of back and forth rhetoric is confusing at best. However, once again Chairman Clayton has spoken, and it is up to us to decipher what he really means. After all, the SEC is the most powerful financial regulator in the world.