There will be an SEC conference for investors slated for the 13th of June according to an announcement by the United States Securities and Exchange Commission. The town hall meeting will be held in the city of Atlanta at the Georgia state university and will see all five commissioners of the SEC meet with members of the general public. This meet up is likely to excite crypto enthusiasts who have more than welcomed the recognition of crypto-currencies by the SEC. The announcement posted on the SEC website also confirms the attendance of SEC Chairman Jay Clayton who previously addressed ICOS and crypto-currencies at Princeton University.
The investor conference will be succeeded by a series of break out events that will see those in attendance interact with the SEC commissioners on various issues including; mutual funds, Bit-coin, fin tech and ICOS. Crypto enthusiasts have been following the SEC to assess their attitude and policy with regards to crypto-currencies for a long time. They went into a state of panic and fear when SEC chairman Jay Clayton insinuated that crypto-currencies such as bitcoin and ethereum would be classified as securities.
What’s the big deal with these crypto-currencies being classified as securities? You may ask. If these crypto-currencies are classified as securities and not utility tokens, the crypto market will most likely go into recession. The market will be depressed by taxation, and regulations on people who can own crypto-currencies. Clayton, however, cleared the air later stating that they were only considering ICO tokens to be classified as securities.
The SEC’s position and attitude towards crypto-currencies have always sent shivers down the spines of crypto investors. The SEC’s unveiling of Howeycoin which was a ruse intended to prove to investors how it was easy to get hustled by ICOS, caused shockwaves in the crypto sphere. Many in the crypto community expected the ruse to be followed by some form of new regulation.
The SEC investor conference to be held at the Georgia state university on the 13th of June will probably seek to clarify the SEC’S position on digital currencies though. Investors will also get a chance to get educated on any regulatory and legal matters that may arise regarding the crypto space.
