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Lawmakers press SEC for guidance on cryptocurrencies

By Colin Wilhelm
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Lawmakers press SEC for guidance on cryptocurrencies

A group of lawmakers want the Securities and Exchange Commission to provide more official guidance on initial cryptocurrency coin offerings.

In a letter sent to SEC Chairman Jay Clayton Monday, 16 lawmakers —14 Republicans and two Democrats in the House of Representatives — asked for clearer guidelines on how he sees key financial regulations applying to the burgeoning digital assets. Reps. Ted Budd, R-N.C., Tom Emmer, R-Minn., Warren Davidson, R-Ohio, and Darren Soto, D-Fla., led the letter.

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Bitcoin Cryptocurrency Finance Law Police and Law Enforcement Regulations SEC Senate Banking Committee