ARTICLE
2 February 2018

SEC To Examine Companies Switching Business Models To Capitalize On Blockchain Popularity

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Herbert Smith Freehills Kramer LLP

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SEC chairman Jay Clayton said the agency is closely scrutinizing companies that have switched their names and business models to take advantage of increased interest in cryptocurrencies...
United States Corporate/Commercial Law

SEC chairman Jay Clayton said the agency is closely scrutinizing companies that have switched their names and business models to take advantage of increased interest in cryptocurrencies and blockchain technology. Clayton disparaged the recent trend of some businesses opting to shift their business models to capitalize on the perceived promise of distributed ledger technology and said the agency will examine whether the disclosures comply with securities laws.

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