Clayton chose to touch principally on instances where existing laws had been used to deal with noncompliance from crypto entities.
“In the digital assets space, […] the Division of Enforcement has brought cases that demonstrate that there is a path to compliance with the federal securities laws going forward, even where issuers have conducted an illegal unregistered offering of digital asset securities,” he said. The chairman continued:
Clayton meanwhile also drew further attention to cryptocurrency’s appearance in the SEC’s in-house Examination Priorities for 2019, compiled in December by its Office of Compliance Inspections and Examinations.
The comments underscore a persisting commitment to crypto and its impact on areas such as securities regulations, the U.S. taking slow but comprehensive steps to formalize their status at the national level.