Profile picture
panek @panekkkk
, 10 tweets, 6 min read Read on Twitter

Some interesting comments from SEC Chairman Jay Clayton during talk about #cryptocurrency regulation at Princeton. #ClaytonCrypto #Ethereum #Bitcoin

1. SEC is starting from the principle that DLT has incredible promise
/2. SEC are still trying to wrap their heads around this -- "where does our jurisdiction begin?"
/3. However, they need to enforce regulation to actually prevent regulation from becoming too severe due to the immense risk of fraud in crypto
/4. This means a balanced approach by going hard after the biggest frauds
/5. "Does that mean all ICOs are bad? Absolutely not." #Bullish
/6. But he's not concerned about regulations forcing startups overseas
/7. Although seemingly a misstep, I think he's referring mostly to frauds here. Legitimate ICOs in his view will simply register with the SEC.
8/. Correction. Very first link on potential of DLT should be this:

Not being able to edit destroys my soul.
/9. Also states that utility tokens may evolve towards or away from a security over time

I would think evolution towards a security would not be possible since so much of Howey depends on manner of sale and facts and circumstances that surround it.
/10. The SEC's mandate is to regulate securities transactions but the nature of crypto as a means of exchange and currency may change the way regulators approach currencies
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to panek
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!