Under strict conditions, a US business travel company will be allowed to sell tokens. The SEC published a letter to TurnKey Jet today, which was in response to a previous letter from TurnKey’s lawyer. This is an about-face for the SEC, whose director Jay Clayton has in the past said that every token he has ever seen is a security, but recently softened his stance on Ether. The letter outlines the conditions under which the SEC has decided to recommend “no enforcement,” agreeing that the company’s tokens are not securities. How To Ensure Your Token Isn’t a Security: Be Nontransferable
The post Crypto Win? SEC Admits Not All ICO Tokens are Securities appeared first on CCN
source https://www.ccn.com/crypto-win-sec-admits-not-all-ico-tokens-are-securities
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