SEC to host Blockchain advisory panel for investors, consider ramifications of the technology.
The SEC has been much in the news of late for it’s strong stance on Blockchain technology and tokenization schemes. The government body notoriously issued a statement labeling the DAO token as a security, while at the same time the CFTC created a means for trading Bitcoin futures for LedgerX.
The most recent announcement from the governing commission indicates that their investor advisory board will meet to discuss the ramifications of Blockchain and distributed ledgers and their impact on the securities markets.
The meeting is scheduled for October 12 from 9:30 AM to 3:10 PM at the SEC headquarters in Washington DC. The event will also be live streamed on the website, www.sec.gov. Those interested can visit and watch the events.
The SEC has been influential in slowing the adoption of ICOs in the US, as their statements regarding the DAO have led to substantial concern over what is and is not a security in the token world. Other governments have recently followed suit, especially China, which has gone much further and banned all ICOs.