SEC Investor Conference To Hold Meeting Discussing Bitcoin And ICOs
The US Securities and Exchange Commission are holding the SEC Investor Conference in Atlanta this year on June 13 at Georgia State University.
A town hall event will be held followed by post-meeting events in which attendants can meet with members of the SEC for an added informal discussion on issues regarding regulation in the world of fintech, mutual funds, fraud prevention, and cryptocurrency.
The SEC official website was advertising the event as follows:
- “Meet the people who help make Wall Street work for Main Street. All five SEC Commissioners are coming to Atlanta to meet with you: young people, the military, urban and rural, those saving for retirement, and seniors—the diverse, the dynamic people of the southeast region.”
All five SEC commissioners are going to be attending including Chairman Jay Clayton, who spoke earlier this year about cryptocurrencies and ICOs at Princeton University on April 5. When questioned if he thought ICOs were fraudulent by nature, Clayton said “absolutely not”, mentioning that his hope was the regulation introduced by the SEC would have a positive impact on the cryptocurrency space by pointing out bad actors and creating an environment where legitimate projects can thrive.
Despite this, Clayton did establish that the SEC is focusing on ICO tokens mostly and not Bitcoin, putting some minds at ease. Meanwhile, the co-founder of Ethereum has emphasized that he is “extremely comfortable” that Ethereum cannot be classified as a security.
The meeting being held in June by the SEC will help determine if ICO tokens and cryptocurrencies do indeed classify as securities and help clarify the government’s stance on various legal matters regarding the crypto space.