Crypto

SEC President Jay Clayton came up with striking statements about the tokens



When we look around the world, we know that government agencies have studied ICOs and related tokens. In the light of recent developments in this area, we can show the SEC as a good example of the institutions that have conducted the reviews we mentioned.

Jay Clayton has a unique view

SEC President Jay Clayton said that all the tokens in the crypto money industry are subject to regulation. wants. In Clayton's view, any securities that define itself as a token will be subject to a very detailed examination. First and foremost, the fact that many tokens are effectively viewed as securities should not be regarded as a bad thing in itself, but should be subject to current financial regulation.

Furthermore, it has been found that the SEC has taken very strict measures for some of these securities . The best example of this is the Centra. Centra tried to define tokens as a helpful tool. But the tokens were very different from the ones they introduced themselves. So much so that SEC has taken all the details of this project into its radar. The SEC's approach is often perceived as good intentions by the market. At the same time it is seen as a struggle for the Sector to be settled on a certain basis and to work for the benefit of the society.

In addition, there are a few types of fraud that are clearly made in the token industry. The disruption of these illegal schemes is also seen as a major priority for James Clayton and the SEC. This, in fact, should not be seen as an easy event. A small number of companies and the crypto exchange reported this situation to the SEC as a somewhat worrisome situation.

Can all Tokens be regarded as securities?

Perhaps this is the big question that people in this sector now want to really know the answer to, because it is still young and so unsettled by the market, it seems to take some time to legitimize the Token industry. According to SEC's own rules, not all tokens may be securities. It is clear that there are some differences between a security and an auxiliary token. Because the separation of these two categories and the definitions made according to their properties are quite clear. Even in the crypto money and ICO industry, there are useful tokens and they come out in many different ways.

To give some examples of useful tokens; Ethereum's Etheri, DENT, Siacoin and so on. All these tools provide access to a known ecosystem. However, there is no guarantee that the value will increase. Most service tokens also have a limited source. However, this is no longer a descriptive feature. Even more important, the token itself will fail if the local ecosystem fails to assist the token.

For token securities, the core technology has fewer prescriptions. First, it seems to focus on increasing the value of token independently of the infrastructure. Though sales of tokens are not considered by default to be a sale of securities, even though they are more open about the true intentions of the companies. Utility software can be sold through an ICO. However, these do not turn into securities by default. James Clayton and the SEC seem to spend a lot of time trying to solve the differences.

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