US Congressmen Call on SEC for Regulatory Clarity Regarding Cryptocurrencies

[CebuBitcoin]

A group of lawmakers from the U.S. Congress has sent a letter to Securities and Exchange Commission (SEC) Chairman Jay Clayton, calling for regulatory clarity regarding cryptocurrencies, CNBC  reported September 28.

According to CNBC, more than a dozen congressmen asked Clayton to tell investors how the SEC plans to regulate digital currency. The lawmakers requested clarity on the criteria for identifying digital tokens as “investment contracts” and therefore securities, in addition to a  description of the tools the SEC will use to provide more concrete guidance to innovators in the field. The letter reads:

Readmore: https://cointelegraph.com/news/us-congressmen-call-on-sec-for-regulatory-clarity-regarding-cryptocurrencies

[Crypto]

A group of lawmakers from the U.S. Congress has sent a letter to Securities and Exchange Commission (SEC) Chairman Jay Clayton, calling for regulatory clarity regarding cryptocurrencies, CNBC  reported September 28.

According to CNBC, more than a dozen congressmen asked Clayton to tell investors how the SEC plans to regulate digital currency. The lawmakers requested clarity on the criteria for identifying digital tokens as “investment contracts” and therefore securities, in addition to a  description of the tools the SEC will use to provide more concrete guidance to innovators in the field. The letter reads:

Readmore: https://cointelegraph.com/news/us-congressmen-call-on-sec-for-regulatory-clarity-regarding-cryptocurrencies

It is important that all policy makers work toward developing clearer guidelines between those digital tokens that are securities, and those that are not, through better articulation of SEC policy, and, ultimately, through formal guidance or legislation.