SEC is cautiously open to initial coin offerings, commissioner says

[bsteadman]

CNBC
by Kate Rooney
4/30/2018

Excerpt:

• The Securities and Exchange Commission wants to protect investors from fraud in initial coin offerings but the agency remains open to a legal way to raise money in crypto, one regulator says.
• "Down the road, I think we will be thinking about ways to make those investments work consistent with our securities laws," SEC Commissioner Robert Jackson says.
• The financial watchdog has cracked down on the fundraising process known as ICOs this year, with accusations of fraud and multiple subpoenas.

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https://www.cnbc.com/2018/04/30/sec-...oner-says.html