SEC Sweep Might Herald Progress in the ICO Market

There was a lot of coverage of the SEC sweep on ICOs this morning, starting with the WSJ’s article:  “Cryptocurrency Firms Targeted in SEC Probe”.  This was followed by many others, including  crypto-community coverage from CoinDesk.   let’s try to separate fact from fiction. Most important, I do not believe that the SEC is taking issue … Continue reading SEC Sweep Might Herald Progress in the ICO Market

Is the term “Decentralized Exchange” an Oxymoron?

There has been a lot of media coverage and chatter in the crypto community over the concept of “decentralized” exchanges, but much of it is misplaced.  For example, after the recent hack of CoinCheck there were a series of articles, such as one from Bloomberg, that promotes “decentralized” exchanges as a solution to the security … Continue reading Is the term “Decentralized Exchange” an Oxymoron?

Crypto Regulation: Discussion with SEC Staff, Feb 15, 2018

SEC Presentation on Crypto Market Structure This presentation was delivered to a combined audience of SEC staff from Trading & Markets, Corporation Finance, & Enforcement.   The discussion was wide ranging and covered many of the topics in the slides. My conclusion from the meeting is that the SEC is being thoughtful and measured in its … Continue reading Crypto Regulation: Discussion with SEC Staff, Feb 15, 2018