Monday , March 8 2021

SEC: Bitcoin is not a security, unlike many ICO tickets

Head of the Securities and Exchange Commission (SEC) of the US, Jay Clayton, in a conversation with CNBC, spoke about the position of the regulator about the initial bids of coins, stating that Bitcoin does not have the properties of securities.

During the interview, recent recent cases were mentioned with the Paragon and Airfox ICO projects. The last was forced to pay a fine and register the tickets as securities.

Clayton stressed that any ICO distribute tickets among US citizens should strictly follow SEC rules.

"I think it's clear to all of us that bitcoin is not a security. However, many ICOs fall into this category."– added the official.

According to him, to avoid problems with a department, ICO organizers should carry over tokensals abroad. You can also take advantage of a bid that has closed off coins, with up to 35 investors taking part. In this case, the tickets are not eligible for the securities, but there are restrictions on the possibilities of promoting such an event.

Recall that the SEC decision to launch Bitcoin ETF from VanEck and SolidX companies will be done until March 2019.

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