The SEC Officially Approved The ICO

The Securities and Exchange Commission (SEC) is ready to take a balanced view of the regulation of digital currencies and primary offers of coins.

A similar point of view during the recent hearings in Congress was voiced by the head of the SEC's financial department William Hinman. In his opinion, in the development of technology blockade seen only the most positive prospects. ICO projects are also an important tool that helps develop alternative methods of doing business.

Hinman noted that it is simply impossible to conduct an ICO without the sale of securities. Therefore, this direction should be regulated according to the wording of the current legislation.

Congressman Minnesota Tom Emmer also spoke in support of the initial placement of coins. He noted that not all tokens produced during the ICO are securities. People acquire them not as investments, but for use in a certain block system.

Recall, the main critic of Tokensayl among congressmen was the representative of California Brad Sherman. He proposed to prohibit the initial offering of coins.

"The task of securities markets is to create jobs in the real economy. The primary placement of shares copes with this task, and ICO work in the opposite direction. They take money from the real economy, "the congressman is sure.

At the same time, he also noted that the blockade gives huge opportunities.