56 cases brought against crypto companies during Jay Clayton’s time as chairman of SEC

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  • Earlier this week, it was announced that Jay Clayton would be stepping down as chairman for the securities and exchange commission in the United States. 

  • In the announcement by the SEC, it was highlighted about Clayton and his numerous accomplishments during his time as the chair.

Earlier this week, it was announced that Jay Clayton would be stepping down as chairman for the securities and exchange commission in the United States. In the announcement by the SEC, it was highlighted about Clayton and his numerous accomplishments during his time as the chair. 56 enforcement actions were brought against initial current offerings under his tenure in relation to blockchain and crypto assets related companies since July 2017.

The report also goes on to mention the misconduct in relation to cyber activity and the commission’s efforts to fight this. This can include violations by companies that are involved with the crypto industry in some way or another.

Some of the cases at the SEC have been a part of includes attempts to defraud investors through the use of digital asset securities as well as violations of the registration provisions of federal security laws within the United States.

As the commission further cracks down on cyber-related activity, it is worth noting that this all started in July 2017 when the government entity issued an investigation in regards to the office and sales of numerous cryptocurrency assets.

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Source: https://cryptodaily.co.uk/2020/11/56-cases-brought-against-crypto-companies-during-jay-claytons-time-as-chairman