SEC may investigate exchanges facilitating IEOs, official says

The Securities and Exchange Commission (SEC) may look into US-based crpyto exchanges that have carried out initial exchange offerings (IEOs), CoinDesk writes.

Exchanges may be operating as unauthorised securities dealers under US securities laws if they take a fee for facilitating token sales, SEC official Valerie Szczepanik told an audience at the Consensus 2019 conference. According to Szczepanik, they’d need to fulfil broker-dealer licencing requirements.

Original source
https://www.theblockcrypto.com/tiny/sec-may-investigate-exchanges-facilitating-ieos-official-says/?utm_source=rss&utm_medium=rss&utm_campaign=default

Add comment

Please Sign in to be able to leave comments.