Lawmakers seek clarity on ICOs in the U.S.

Lawmakers seek clarity on ICOs in the U.S.

The lawmakers in the U.S. have requested the chairman of Securities and Exchange Commission (SEC) to clarify on the classification of ICOs as securities sales. The letter by the lawmakers emphasized on the “current uncertainty surrounding the treatment of offers and sales of digital tokens is hindering innovation in the United States and will ultimately drive business elsewhere.”

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