The Securities and Exchange Commission has made it clear that ICOs are securities by its standards and that exchanges trading those assets need to register with the agency. Yet one director said he is surprised by the lack of self-reporting.
“We’re underwhelmed by the enthusiasm for coming within the regulatory structure right now,” Brett Redfearn, SEC Director of division of trading and markets, told CNBC at the Sandler O’Neill Global Exchange and Brokerage Conference Wednesday.
via SEC ‘underwhelmed’ by rate of cryptocurrency exchanges self-reporting.
