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August 15, 2018
Guide & Analytics Press Release Regulations

ICO Investors will have to follow Security Regulations in the Future

 

Talks about regulating ICOs is frequent in Crypto news, so it comes as no surprise when the SEC Commissioner, Robert Jackson says that he believes that ICOs need to follow certain security regulations. He rightly pointed out that the crypto space has seen some troubling developments and sometimes it is investors find it difficult to tell the difference between fraud and investment.  Jackson clarified that the comment doesn’t suggest that SEC will ban or regulate the ICOs. However, they are trying to investors from frauds and that the investors will have to follow security regulations in future.

In an interview with CNBC, he said:
“I haven’t seen one of these yet that’s not a security. One of the things about ICOs that are interesting is if you want to know what our markets would look like with no securities regulation, the answer is the ICO market.”
He further added:
“We are right now focused on protecting investors who are getting hurt in this market. Down the road we will be thinking about, we should be thinking about ways to make those investments work consistent with those security laws.”

On February 6th, in a senate, Jay Clayton, the chairman of SEC said: “The mission of the SEC is to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation.”

The Crypto Community reacted-

Erik Voorhees, CEO of ShapeShift took to twitter-
“99% of all human endeavors fail. It’s important that free people have the ability to take risks to find that 1% that don’t.”
Adam Hayes, a market enthusiast commented:
“Imagine that we can’t be sure if the apples being sold by fruit vendors are poisonous, and because so many apples are for sale we could not possibly inspect each one. Then don’t buy apples…”
Another Tweet-
“Problem is that without appropriate regulations, most issuers to tend to take advantage of investors. Human greed is a powerful force.”

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