Listen to "Reality Check with Ben Swann" on Spreaker.

SEC Chair Discusses Benefits of Cryptocurrency Regulations

Must Read

Former Conan O’Brien Creative Director Joins Isegoria

FOR IMMEDIATE RELEASE Contact: Sam Eaton Chief Marketing Officer, Isegoria sam@isegoria.com Isegoria, an independently funded blockchain-based news, media, entertainment and educational platform founded...

One on One Interview: Libertarian Presidential Candidate Adam Kokesh

In this episode of Truth In Media with Ben Swann, Libertarian Presidential candidate Adam Kokesh breaks down his campaign and explains his policies in detail.

ABC News Buried Epstein Story?

In this episode of Truth In Media with Ben Swann, we’re taking a look at new footage from Project Veritas revealing that ABC News refused to air an explosive story detailing Epstein’s alleged crimes years ago, and a hot mic captures exactly why ABC did so.
Brenden Weberhttp://alteredoutlook.fireside.fm/
Brenden Weber is a recent college graduate from the University of Iowa with a degree in Political Science and Philosophy. He is a writer in journalism and opinion pieces; podcaster in politics, philosophy, and cryptocurrency; and owns a small business in Salt Lake City Utah. https://steemit.com/@brendenweber https://thephilosophyguy.fireside.fm/

Securities and Exchange Commission chairman Jay Clayton recently defended the agency’s regulatory initiatives while acknowledging the legitimacy of initial coin offerings (ICOs) during a talk at Princeton University.

CoinDesk reported that Clayton responded “absolutely not” to a question about whether ICOs are fraudulent, in relation to the agency’s recent regulatory actions against ICOs such as charging Centra Tech’s ICO with fraud.

Sohrab Sharma and Robert Farka of Centra Tech were charged with fraud after they raised $32 million by selling unregistered securities.

- Newsletter -

Clayton made remarks during his talk at “Cryptocurrency and Initial Coin Offerings.” He made headlines during his last public statements when he said he believes that “every ICO” he has seen qualifies as a security.

Chairman Clayton contended that regulatory steps being taken by the agency could actually help the industry mature.

Clayton said to the attendees:

“Is the approach taken in Washington by the SEC adversely affecting distributed ledger technology in other areas? My quick answer is that my hope is that it’s actually helping – because this technology is being used for fraud and to the extent that it’s being used for fraud, history shows that government comes down harshly on that technology later.”

He continued, “I think if we don’t stop the fraudsters, there is a serious risk that the regulatory pendulum – the regulatory actions will be so severe that they will restrict the capacity of this new security.”

Currently, cryptocurrency regulations vary state by state and federal plans are not yet clear. However, one certainty is the SEC is not backing away from its plans for ICO regulations, although the Chairman of the SEC hasn’t wavered in his support for the future of blockchain technology.

- Advertisement -

Featrued Sponsors

Unstoppable Domains

Uncensorable blockchain domains. Every domain purchase supports Ben Swann and Truth in Media

Holland Center

Holland Center is a day treatment program and medical clinic for children with autism.

Pure VPN

Military grade privacy on all devices.
- Advertisement -

Latest News

Former Conan O’Brien Creative Director Joins Isegoria

FOR IMMEDIATE RELEASE Contact: Sam Eaton Chief Marketing Officer, Isegoria sam@isegoria.com Isegoria, an independently funded blockchain-based news, media, entertainment and educational platform founded...
video

One on One Interview: Libertarian Presidential Candidate Adam Kokesh

In this episode of Truth In Media with Ben Swann, Libertarian Presidential candidate Adam Kokesh breaks down his campaign and explains his policies in detail.
video

ABC News Buried Epstein Story?

In this episode of Truth In Media with Ben Swann, we’re taking a look at new footage from Project Veritas revealing that ABC News refused to air an explosive story detailing Epstein’s alleged crimes years ago, and a hot mic captures exactly why ABC did so.

Unstoppable Domains

Uncensorable blockchain domains. Every domain purchase supports Ben Swann and Truth in Media
video

The Government’s War on Wikileaks, Assange, Manning and Hammond

In episode 7 of Truth In Media with Ben Swann, we explain the secret grand jury targeting Julian Assange, Chelsea Manning, and Jeremy Hammond, and discuss the government's lasting damage on the lives of whistleblowers in an interview with John Kiriakou.
- Advertisement -

More Articles Like This