15 U.S. Lawmakers ask SEC for clarity on ICOs and digital tokens
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Representatives Ted Budd, Warren Davidson, Tom Emmer, and Darren Soto, along with 11 co-signers, sent a letter to the SEC expressing concern that the SEC has not established guidelines for determining whether digital tokens are securities or not. The 15 Members of Congress believe that "treating all digital tokens as securities would harm American innovation and leadership..." and that the "SEC could do more to clarify its position." (Source: U.S. Congress)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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