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.
“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.