Tag: Jay Clayton

SEC Commissioner Peirce Proposes Three-Year Grace Period for Token Sales
Blockchain

SEC Commissioner Peirce Proposes Three-Year Grace Period for Token Sales

On February 6th, 2020, U.S. SEC Commissioner Hester Peirce revealed a significant proposal at the 4th International Blockchain Congress in Chicago. She wants to give cryptocurrency projects a three-year grace period to develop a network and grow a decentralized infrastructure prior to being subject to U.S. securities laws. SEC Commissioner Peirce’s Three-Year Safe Harbor Proposal…

What You Need to Know: The SEC and its Potential Accredited Investor Definition Change
Blockchain, Business, STOs

What You Need to Know: The SEC and its Potential Accredited Investor Definition Change

The U.S. Securities and Exchange Commission (SEC) has received widespread criticism for its exclusive definition of ‘accredited investor’. Currently, accredited investors are limited to a select group of wealthy individuals based on one thing: their wealth. Now, the SEC is considering a proposal to change the criteria used to qualify accredited investors — which could…

The SEC Received Over $4.3 Billion from Penalties in 2019
Blockchain, Business

The SEC Received Over $4.3 Billion from Penalties in 2019

According to the U.S. Securities and Exchange Commission’s (SEC) Annual Report for the fiscal year 2019, more than $4.3 billion were collected due to disgorgement and penalties. Out of the funds collected, approximately $1.2 billion were returned to harmed investors. The SEC’s 2019 Annual Report Explained 2019 was a busy year for the SEC. The…

Key Takeaways: The SEC says Bitcoin is Not a Security
Blockchain

Key Takeaways: The SEC says Bitcoin is Not a Security

In a recent letter, the U.S. Securities and Exchange Commission (SEC) publicly claimed Bitcoin is not a security. While the move does not surprise those familiar with the digital asset industry, there is one invaluable factor displayed in the letter: the criteria the SEC used to determine whether or not a digital asset constitutes a…

SEC to Host Public Fintech Forum for Digital Assets in May
Blockchain, Business

SEC to Host Public Fintech Forum for Digital Assets in May

The United States’ Securities and Exchange Commission (SEC) has organized a Fintech forum in May 2019. The event will be open to the public, and aims to facilitate greater communication with the digital asset industry. Digital Asset Regulation in the United States The SEC’s stance on digital asset regulation has had mixed reception. SEC Chairman…

SEC Chairman Lays Concerns to Rest: “Ethereum Is Definitely Not a Security.”
Blockchain, Technology

SEC Chairman Lays Concerns to Rest: “Ethereum Is Definitely Not a Security.”

Despite rumors over the SEC ruling Ethereum as a security, the Chairman recently came out with a statement dismissing these concerns. The clarification letter was sent out this week explaining the situation. Jay Clayton, the Chairman of the United States Securities and Exchange Committee (SEC), has formally denied any concerns over Ethereum being a security….

SEC Chairman Jay Clayton: “I’m not going to change rules just to fit a technology”
Blockchain, Business

SEC Chairman Jay Clayton: “I’m not going to change rules just to fit a technology”

In a recent discussion, the US Securities and Exchange Commission (SEC) Chairman Jay Clayton highlighted his stance concerning cryptocurrencies, Distributed Ledger Technology (DLT), and securities laws. Ultimately, Clayton’s opinion suggests that most cryptocurrencies— including security tokens— are subject to the SEC’s existing securities regulations. The SEC’s Stance on Security Token Regulation Explained SEC Chairman Jay…

1 2