Two months after its Investor Bulletin stating that U.S. securities laws may apply to digital token sales, the Securities Exchange Commission ("SEC") announced Monday two new initiatives to address cyber-based threats and protect retail investors. The SEC's press release outlined the creation of the Cyber Unit ("Unit") and the Retail Strategy Task Force ("RSTF"). Read the full report on our sister site, the FinTech Update.
This article is presented for informational purposes only and is not intended to constitute legal advice.