In response to the latest remarks by SEC Chairman, Jay Clayton, at the “Investing In America” discussion which reaffirmed the Commissions immutable position on ICO’s and digital assets as recognised securities, John Mcafee took to his infamous Twitter page to expel his outrage.
The cyber security magnate is well-known in the crypto space for not mincing his words and has stood defiantly as the voice of reason against several federal agencies before, including the FBI and the NSA.
As a prominent spokesperson in the the virtual currency industry, his focus has now turned firmly towards the SEC and its Chairman's recent comments.
And in true Mcafee style, he hasn’t disappointed us.
In a series of tweets leading up this recent town hall event, the ‘Bitcoin Bad Boy’ has demanded that the Commission and himself should have a showdown style debate on this highly contentious issue, calling the US Securities and Exchange Commission out on a number of occasions last week,
John Mcafee is well-founded to challenge the SEC’s current regulatory position on digital assets. If the SEC remains uncontested by any notable force, the wider crypto community has every right to fear progressively stricter regulations, as the very decentralized nature of digital assets and blockchain technology comes under threat from coercive centralized control.
A debate on the matter will give John Mcafee the opportunity to represent the voice of the cryptocurrency community and directly oppose the SEC’s current position, as well as address their increasing regulatory pressure on innovative technologies such as digital assets and ICOs.
Having successfully spoken out against the FBI in previous engagements which led to a decision being reversed on a matter of state security, this debate could be crucial in redefining digital assets in the United States.
This article appeared first on Cryptovest
