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.