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The SEC is promising to get tough on cryptocurrencies — even as it gives them some tacit blessing

Recode --------- The SEC is offering some of its most extensive guidance to investors and Wall Street on how to handle the manic craze surrounding cryptocurrencies — warning traders that digital currency will be policed like old-fashioned currency as it grows more mainstream. In a 2,300-word statement on Monday, SEC chairman Jay Clayton said that his agency was warily watching the spike in interest, which has led bitcoin to rise to more than $17,000 as of Monday afternoon. But he did give some tacit blessing to initial coin offerings, which have given entrepreneurs a new way to raise money outside of the typical venture capital system. To learn more click on the picture below to read the article.

The SEC is promising to get tough on cryptocurrencies — even as it gives them some tacit blessing - Read More from Recode

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