What will happen to the ICO. Cryptocurrency startups will support SEC

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The Commission on securities and stock exchanges of the USA runs the unit that will help the blockchain-companies in the legal and investment matters

American projects for the initial placement of tokens (ICO), and FINTECH startups will receive support from the Commission on securities and exchange Commission (SEC). The regulator is preparing to launch a division. that will help the blockchain-companies in the legal and investment issues, writes CoinDesk.

The new Strategic center of innovation and financial technologies (FinHub) will be the point of interaction between startups and the SEC. Thanks to him, the company will be able to obtain vital information from agencies to ask questions and to clarify legal norms. The unit will cooperate with other local and foreign regulators in developing technologies.

“Opening FinHub we want to make the interaction between entrepreneurs, developers and their consultants with the staff of the SEC more clear”, — said the representative office.

SEC Chairman J. Clayton said that the regulator wants to work with investors to attract capital, while ensuring their protection. He added that FinHub will help the development of the securities market, which requires rapid and flexible regulation.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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