On Tuesday, Feb. 6, 2018, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing fully devoted to cryptocurrencies with Jay Clayton (Chairman SEC) and J. Christopher Giancarlo (Chairman CFTC) as the sole witnesses.
Initial Coin Offerings (ICOs) have become disreputable for being used as a tool for scammers looking to take money from investors.
Clayton said in his testimony: “Some have taken advantage of this lack of understanding and have sought to prey on investors’ excitement about the quick rise in cryptocurrency and ICO prices,” He went on and said: “There should be no misunderstanding...
Read the full article on: https://altcoinbuzz.io/the-sec-is-targeting-icos-while-giancarlo-had-a-positive-stance-on-cryptocurrencies/