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  • Blog: Waller Law BlogSEC Chairman Issues Personal Statement on ICOs in Wake of SEC Enforcement ActionsPosted on December 12, 2017 by Marc J. Adesso
    On December 11, 2017, the SEC’s Cyber Unit issued a cease and desist order halting an utility token-based initial coin offering (“ICO”) one day after the launch of the ICO. On the same day, SEC Chairman Jay Clayton issued a personal statement stating that Mr. Clayton believes that ICOs “can be effective ways for entrepreneurs and others to raise funding, including for innovative projects,” while simultaneously
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