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SEC Chairman Confirms Cryptocurrencies Like Ethereum Are Not Securities

On March 12, the cryptocurrency and blockchain legislative advocacy group Coincenter published correspondence between the Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd. The letter explains that Clayton and the SEC’s staff analysis confirms that Ethereum and similar cryptocurrencies are not subject to securities laws. Also read: Cointext Adds the Ability to Pay Bitpay Invoices Using SMS SEC Chairman Jay Clayton Agrees That Certain Cryptocurrencies Are Not Securities It seems the SEC chairman Jay Clayton agrees with the agency’s head of the Division of Corporate Finance,...

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Published By: Bitcoin - 12-03-2019