The Securities and Exchange Commission of the United States (SEC) began to verify the legitimacy of the activities of crypto-exchange companies. Dozens of companies operating on the cryptocurrency market received agendas and requests for the provision of financial information, which will be analyzed and evaluated by the regulator. The commission's concern is caused by the almost unregulated scope of ICO projects, as well as some ways of attracting investments. In particular, this is the organization and conduct of ICO by companies whose activities do not fall under the normative acts governing the conduct of traditional public events.

Many have heard of people building their homes and getting rich, or have lost their savings when investing in cryptocurrencies. Naturally, this attracted the attention of regulators, including the Securities and Exchange Commission (SEC), whose chairman expressed his point of view on the situation. Jay Clayton (SEC Chairman) shared his thoughts on the cryptocurrencies and ICO, which are squeezed to five main points.