A group of US Congressmen has called on the Securities and Exchange Commission (SEC) to make a clear distinction between those cryptocurrencies that are securities and those that are not part of this legal category. The lawmaker’s group, which consists of leading Democratic and Republican members of the House of Representative, made the appeal in an open letter to SEC Chairman Jay Clayton on Friday, several days after a roundtable on Capitol Hill urged for similar moves.
The Congressmen said that they decided to write the letter because the cryptocurrency industry is important for growth across many economic sectors in the US. “We are concerned of using enforcement actions “alone” to clarify SEC position toward virtual coins, and a more appropriate move is the publication of guidelines and FAQs to crypto investors,&rdquo...
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