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What Really is Discouraging Crypto-Exchanges from Self-Reporting to the SEC?

  by David Drake     Tech advancements have led to the emergence of the cryptocurrency industry, enabling companies like BlockVest and SportsFix to develop innovative business models backed by blockchain technology. However, the regulation cloud has been hovering over the industry for much of the first quarter this year. The Securities and Exchange Commission (SEC) has made it clear that it considers tokens issued during initial coin offerings (ICOs) as securities. This means that regulation of digital assets falls within its regulation jurisdiction and cryptocurrency exchanges that trade such assets in the US need to register with the agency. However, in the past few months, the SEC has recorded low self reporting among exchanges. Through its Director for Trading and Markets Division, Brett Redfearn, the SEC has expressed shock by the lack of self-reporting, yet a number of exchanges are trading ICOs in the country. The Tokens as Securities Argument ... Read More »

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