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SEC Gensler: Crypto sec. issuers need to register investment contracts or meet exemptions

SEC Gensler: Crypto sec. issuers need to register investment contracts or meet exemptions
SEC's Gensler is on the wires saying:Issuers of crypto securities need to register the offer and sale of their investment contracts with the SEC, or they must meet requirements for exemption.The "vast majority" of crypto tokens meet the SEC's investment contract test.He advises not to believe crypto asset market participants who claim on social media or television that they were unaware their activities could be illegal.Clarifies that adding some additional utility does not exempt a crypto asset... Read More
Posted: Jun 8 2023, 16:49
Author Name: forexlive
Views: 081213

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