SEC Statement on Cryptocurrencies and Initial Coin Offerings

On December 11, 2017 SEC Chairman Jay Clayton published a Statement on Cryptocurrencies and Initial Coin Offerings. This statement contains information about how the SEC will analyze whether the offering of cryptocurrencies and Initial Coin Offerings is legal.  Both investors and market participants should review the SEC's statement prior to investing in or offering cryptocurrencies.  The statement is available here: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11