Securities & Exchange Commission: Enforce Existing Laws on Digital Currency

Link to Source
OAN Newsroom
UPDATED 7:09 AM PT — Thurs. May 17, 2018

The chairman of the Securities and Exchange Commission is voicing his opinion about federal regulation of cryptocurrency.

Speaking at a conference in D.C. Wednesday, Chairman Jay Clayton relayed the views of the agency and said existing laws should be enforced on digital currency.

SEC Chairman Jay Clayton. (Photo/ Pablo Martinez Monsivais/AP)

This response comes after the SEC created a scam website marketing a coin they called “howeycoins.”

The platform was used to show how easy it was to build a website and use it to scam investors with discounted coin prices.

The SEC formed a cyber unit to monitor illegal activity and enforce federal law.

Leave a Reply