During the SEC Speaks conference which was held on April 8th in Washington state, the chairman Jay Clayton gave an explanation to separate aspects of the cryptospace.
— SEC_News (@SEC_News) April 8, 2019
The SEC comments stress their commitment to the cryptocurrency and its impact on the transformation of regulations.
Clayton’s speech referred to cases when the regulator prevented violations of the law by representatives of the crypto industry, as well as steps to overcome them through the application of existing legal mechanisms.
Thus, Clayton proposed a way to protect investors, based on the need for information disclosure, so that it would be possible to make considered decisions about the investments made.
In his opinion, investor protection involves a guarantee of a refund if they are affected by violations of federal securities laws.
Such initiatives are an important step for the Commission to protect investors today. Clayton said:
“Our investigative, litigation and examination teams work tenaciously to enforce compliance with our securities laws. These efforts are a key component of the success of America’s capital markets.”
The report, published on the SEC website, states that the main mission of the regulator is to protect investors, maintain fair, orderly and efficient markets, as well as promote capital formation.
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