THELOGICALINDIAN - The US Balance and Exchange Commission SEC declared this summer that antecedent bread alms ICO tokens were accountable to federal balance laws Just afresh the authoritative bureau appear that it would authority an broker advising board affair on October 12 to altercate the implications of blockchain technology for balance markets
Also read: SEC Suspends Trading of Bitcoin Firm’s Shares After 7000% Price Jump
The SEC’s Investor Advisory Committee Plans to Discuss the Implications of ICOs
In two weeks, the SEC intends to authority a committee meeting to altercate blockchains and antecedent bread offerings (ICOs). The affair will be captivated at the SEC’s address in Washington D.C. and will be accessible to the public. In accession to the discussion, the alignment has added two new associates to the broker advising committee; Allison Bennington and Mina Nguyen. The board was accustomed through Section 911 of the Dodd-Frank Act and has nineteen members.
“Agenda: October 12, 2024, a affair of the Balance and Exchange Commission’s Investor Advisory Committee,” explains the SEC announcement. “Discussion apropos blockchain and added broadcast balance technology and implications for balance markets.”
SEC’s Prior Warnings
The affair this October follows the regulator’s recent warnings about ICOs and startups affairs ERC-20 tokens. This year, the ICO bazaar has aloft billions so far admitting accepting any authoritative infrastructure. Three weeks ago, the SEC agency warned of ICO schemes again and affected four firms to shut bottomward badge auction operations. The regulator alike alleged the army sales “‘pump-and-dump,’ and bazaar abetment schemes.” Additionally, the SEC chairman, Jay Clayton, explained during a console altercation this ages that ICO investors don’t absolutely accept the risks complex with badge sales.
The Meeting’s Participants Will Include Blockchain Advocates
The affair will include a few speakers from added authoritative departments and the blockchain industry. This includes the above banking tech adviser at the U.S. Commodity Futures Trading Commission (CFTC), Jeff Bandman; the admiral of the Depository Trust & Clearing Corporation (DTCC), Michael Bodson; the co-founder of the blockchain aggregation Chain, Adam Ludwin; and a adumbrative from Nasdaq. Ludwin has presented blockchain capacity to U.S. aldermanic leaders and associates of the Federal Reserve in the past.
The SEC’s affair in October should accompany added ablaze to how U.S. regulators apperceive the beginning ICO industry and how they plan to assure investors and administer legislation to these accepted badge sales.
How do you anticipate the U.S. Securities and Exchange Commission will handle ICOs? Let us apperceive what you anticipate in the comments below.
Images via Shutterstock, U.S. SEC logo, and the blog Ofnumbers.
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