15 members of the US Congress asked the SEC to clarify the guiding principles for cryptocurrencies and ICO

29.09.2018

More than a dozen members of the US Congress signed a letter requesting the Chairman of the Securities and Exchange Commission (SEC) Jay Clayton to guiding principles that the agency uses to determine whether the cryptocurrency assets are securities in accordance with the Federal Law or not.

The letter, signed by 15 lawmakers, informs Chairman Clayton that members of the Congress are concerned about the inability of the SEC to issue a final guide to the security of ICO tokens, which will avoid leak of startups to the countries where the rules are clearer.

According to politicians, the current uncertainty associated with the processing of offers and sales of digital tokens, prevent innovations in the US and will ultimately stimulate business in other countries.

For the full text of the letter, please see: SEC Letter

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