SEC Expected to Clarify Position on Cryptocurrency This Week

SEC’s point-person in policy regarding bitcoin and blockchain, William Hinman, is expected to clarify the agency’s position on cryptocurrencies on his speech this Thursday at Yahoo’s All Markets Summit: Crypto in San Francisco.

It is said that Hinman will confirm whether ICOs, alt-coins, and ether are securities which are required to register with the SEC.

JJ Kinahan, chief market strategist for TD Ameritrade, remarked that everybody is currently uncertain as to what the rules are, and clarity on what is allowed and what is not would be of help to the markets.

Source: CNBC

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