SEC welcomes crypto!
SEC (U.S. Securities and Exchange Commission) as a U.S. federal government agency has a rather important mission to protect investors from illegal or dangerous practices and fraud, maintain fair, orderly markets and facilitate capital formation. It is the main regulator of companies offering stocks, bonds, mutual funds, and other securities.
Just yesterday SEC announced its launch of a portal for engaging with companies using blockchain, artificial intelligence and more. Since this very moment, blockchain based startups fall under the attention of SEC.
The SEC is committed to working with investors and market participants on new approaches to capital formation, market structure, and financial services, with an eye toward enhancing, and in no way reducing investor protection," said SEC Chairman Jay Clayton. "The FinHub provides a central point of focus for our efforts to monitor and engage on innovations in the securities markets that hold promise, but which also require a flexible, prompt regulatory response to execute our mission."
So why does it matter for us:
- the biggest securities regulator in the center of the economic world is ready to investigate and to work with blockchain what is the green light for all startups fearing or aiming to implement blockchain;
- U.S. registered blockchain startups and ICO investors are now legal units with legal rights and guarantees;
- other world jurisdictions will at least start their researches concerning blockchain and its regulation norms, new legal changes are awaiting, be sure of it;
- we are on the right way: yet it is another proof that we are working on the product that the new, updated venture ecosystem will strongly need very soon as we will provide them with all necessary tools and expertise to work with tokenized projects;
- P.S. The first important proof concerned the signing of blockchain legislature in Delaware this summer: link.
Again, the future is tokenized!
Sources:
1 SEC official website: link
2 Forbes article SEC Launches Fintech Hub To Engage With Cryptocurrency Startups And More: link
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