Head of U.S. regulator the SEC reiterated its focus on the crypto space

The head of United States regulator the Securities and Exchange Commission (SEC) reiterated its focus on the cryptocurrency space in a new speech on April 8.

Speaking at the SEC Speaks conference in Washington, chairman Jay Clayton highlighted the digital currency space while giving a broad overview of the organization’s activities and roles.

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:

“This path includes appropriate disclosures to investors so they can make a more informed decision as to whether to seek reimbursement or continue to hold their tokens.”

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.

Also read: Compliance platform and protocol for token issuers backed by U.S. crypto exchange Coinbase is launching its Securitize Ready Program

Source: https://cointelegraph.com/news/sec-chairman-flags-crypto-as-continued-regulatory-focus-in-latest-speech