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Citation[]

Jay Clayton, Chairman, SEC, Statement on Cryptocurrencies and Initial Coin Offerings by SEC (Dec. 11, 2017) (full-text).

Overview[]

This statement provides the SEC Chairman's general views on the cryptocurrency and ICO markets and is directed principally to two groups:

  • "Main Street" investors, and
  • Market professionals — including, for example, broker-dealers, investment advisers, exchanges, lawyers and accountants — whose actions impact Main Street investors.