Sunday, June 13, 2021
Home XRP - Top 10 56 cases brought against crypto companies during Jay Clayton’s time as chairman...

56 cases brought against crypto companies during Jay Clayton’s time as chairman of SEC

XRP and ETH Steal The Show As Bitcoin Retracing $700

November 22nd 2020

Quick take

1 minute read

  • Earlier this week, it was announced that Jay Clayton would be stepping down as chairman for the securities and exchange commission in the United States. 
  • In the announcement by the SEC, it was highlighted about Clayton and his numerous accomplishments during his time as the chair.

Earlier this week, it was announced that Jay Clayton would be stepping down as chairman for the securities and exchange commission in the United States. In the announcement by the SEC, it was highlighted about Clayton and his numerous accomplishments during his time as the chair. 56 enforcement actions were brought against initial current offerings under his tenure in relation to blockchain and crypto assets related companies since July 2017.

The report also goes on to mention the misconduct in relation to cyber activity and the commission’s efforts to fight this. This can include violations by companies that are involved with the crypto industry in some way or another.

Some of the cases at the SEC have been a part of includes attempts to defraud investors through the use of digital asset securities as well as violations of the registration provisions of federal security laws within the United States.

As the commission further cracks down on cyber-related activity, it is worth noting that this all started in July 2017 when the government entity issued an investigation in regards to the office and sales of numerous cryptocurrency assets.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source link

XRP vi.be Editor

XRP vi.be Editor

Editor at XRPvi.be, gathering information and insights about Ripple, XRP and related things from around the internet. Opinions deriving from any content do not represent ours. All content copyrights are with the original creators and holders. By clicking on the ‘source’ link you can visit the originating place of the content.

Popular Articles