Please allow us to refer you to the blog below on the SEC Chairman’s remarks on ICO’s and Securities Offerings:
SEC Chairman Jay Clayton spoke at the PLI Annual Institute on Securities Regulation in re: The DAO and his skepticism about ICOs being a securities offering.
Among several other topics, Mr. Clayton made reference to the SEC’s Report of Investigation Pursuant to Section 21(a) of the Securities and Exchange Act of 1934; The DAO.
To read the full post as well as the script and comments from Mr. Clayton, click here: http://www.wallerlawblog.com/post/176/SEC-Chairman-Sees-ICOs-as-Securities-Offerings
