US, Jay Clayton (SEC): “ICOs can be effective”

Jay Clayton, SEC Chairman, has said that ICOs “can be effective” but has emphasized also the need to adopt the current regulation. More precisely, Clayton has said: “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital. However, the novel technological nature of an ICO does not change the fundamental point that, when a security is being offered, our securities laws must be followed.”
Adrian Zmudzinski of Cointelegraph points out that the SEC has created a FinHub, proving that – according to Clayton – “door remains open to those who seek to innovate and raise capital in accordance with the law.”