SEC Chairman Provides Statement on Cryptocurrencies and ICOs

The statement provides considerations for main street investors and market professionals; investors should be aware of the risks of these types of investments which have less investor protections compared to the traditional securities market; to date no coin offerings have been registered by the SEC; the statement notes, “A change in the structure of a securities offering does not change the fundamental point that when a security is being offered, our securities laws must be followed.” Source