EDA’s Iacovella Supports Chair Clayton and the SEC’s Efforts to Protect Investors from Unregulated ICOs

 Washington, D.C.—The Chief Executive Officer of the Equity Dealers of America, Chris Iacovella, released the following statement today after the Senate Banking Committee Hearing “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission”.

“We strongly support Chair Clayton’s position that ICOs are security offerings that should be registered with the SEC.  This issue is about investor protection, pure and simple, and investors should be afforded all of the protections they would otherwise get in a registered initial public offering of securities.”

 

EDA– Iacovella Statement on ICOs 02-06-2018