The U.S. Securities and Exchange Commission (SEC) is undoubtedly the world’s leading regulator, making decisions and setting standards that go far beyond the U.S. That said, the appointment of the SEC chair is a political statement with far-reaching consequences for the global community of regulators. Jay Clayton, the SEC chairman of the Trump announced his departure and makes way for his successor under the Biden era.
The fight against scams and cybercrime is unthinkable without the support of whistleblowers. Most regulators and law enforcement agencies have established whistleblower reward programs. The U.S. Securities and Exchange Commission (SEC) today announced an award of over $114 million to a whistleblower.
That’s excellent news for investors protection but probably not so good news for crypto-issuers aiming at ICOs. According to a Bloomberg report, the US SEC gave a strong warning Wednesday that U.S. scrutiny of initial coin offerings is just getting started. The SEC’s Chairman Jay Clayton said companies raising money through ICOs shouldn’t have any …