The future for the electronic money market

[zorchy]

SEC Chairman Jay Clayton: "All ICOs are fraudulent? Obviously not! "

The SEC's top secretary seems to have taken a closer look at his position on the ICO.

At an event held at Princeton University in New Jersey on Thursday, SEC chairman Jay Clayton even denied that any ICO was fraudulent, saying " Not at all "before a question as to whether the SEC's law enforcement actions against the operators of the Blockchain project were for that reason.
The comment was made by Clayton during a seminar on "Digital Currency and First-time Money-Issuance," and is now widely circulated on the mass media by former SEC chairman. There was a very famous statement in February, when he said "every ICO he witnessed was classified as a securities offering."

Clayton opened the speech by praising "scatterplot technology has a very promising future for the financial industry" in front of a crowd of audience.

The SEC chairman then discussed the moves that have been made by the agency to help the electronic money industry grow over time.

Jay Clayton said:

How does washington's approach and sec have a negative impact on distributed diary technology in other areas? My short answer is to hope it is actually helping - because if that technology is being used for phishing as well as considering its scope of application for phishing, history shows It is the government that usually takes action later on.

The SEC chairman added:

I think if we do not quickly stop the fraudulent act, there is a serious risk of "pendulum management" - the government's surveillance actions will be so severe that it will limit the prospect of This kind of new stock.

Argue about "token utility".
On the other hand, Clayton shared his thoughts on the development of terms in the industry.

One of the major problems caused by the issuance of tokens is to classify them as "utility tokens," which will make the ICO unconstrained as a form of securities. As such, the SEC has once again affirmed its view that almost every current token issue is claiming its products have a definite use, despite the fact that they are actually is the stock.

If a startup offers "to offer something based on the common endeavor of everyone, it should be managed as a form of stock," Clayton told the crowd.

To further clarify its position, senior US financial officials use an example to describe the difference between "utility tokens" and "securities tokens."

"If I had a coin to put in a washing machine at a laundry facility, it would not be stock, but if I was offered ten dollars for a laundry detergent, which is still under construction and I buy them to sell to others next year, this is the stock. "

However, Jay Clayton said that the concept is still entitled to change over time.
"Our regulators acknowledge that the use of a laundry coin can change over time, that use may either approach or move away from the definition of what is evidence. package. "

Not to mention, there will be cases where many countries are experimenting with the development of sovereign e-currencies, while startups are now moving to developing applications based on that technology.

In addition, Clayton said that if a token is classified as a security, it changes with the development of the industry:

"Just because it's a stock today does not mean it's going to be the stock market tomorrow, and vice versa."

[Doovla]

Nowadays , projects with good money ahead does not need any special big hard and soft marketcap.
Their benefits in mostly that they are using dividens monthly to attempt many investors and spread their story thrustfuly in start.
That system i really appriciate where you in the process of development get some sort of profits and specially when projcet get through that "painfull" phase investements get on surffice with some huge profits in a way.
That kind of ICO development is really handy and should be useful example to others.