3 Takeaways From SEC CorpFin Director's Big Crypto Speech
SEC Division of Corporate Finance Director William Hinman's remarks at the Yahoo Finance All Markets Summit offered some of the clearance indication to date of how the regulator analyzes initial coin offerings.
June 14, 2018 at 05:45 PM
2 minute read
expansive investigation SEC Division of Corporate Finance Director William Hinman's remarks 1) Ether is not a security.
told The New York Times ripple Marco Santori 2/ Important: This is not law. It's the Head of SEC's division of Corporation Finance's “personal interpretation” of the law. But he's basically the guy in SEC who decides its official interpretation, so you know what that really means. OK, now to the good stuff…
— Marco Santori (@msantoriESQ) June 14, 2018
2) Once a security, not always a security. And vice versa.
It's awesome to see that Director Hinman is sensitive to this and values innovation in our space. It's a very good day for US policy toward the technology of decentralization.
— Peter Van Valkenburgh (@valkenburgh) June 14, 2018
3) Simply calling something a 'utility token' doesn't cut it.
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