Finance Magnates Highlights Braden Perry in Article On Crypto’s Regulatory Clarity
Perry, among other professionals, discusses high-profile Initial Coin Offerings “ICO” cases this year and potential effective regulatory clarity in the cryptocurrency industry in Finance Magnates article posted today.
“The high-profile filings by the SEC show that they are increasing their scrutiny on the space,” said Braden Perry, Government Investigations and Corporate Governance Counselor at Kennyhertz Perry, LLC, to Finance Magnates. “It also shows that both the SEC and CFTC are looking to become the regulator charged with fighting wrongdoing.”
Perry also pointed out that the SEC has begun to widen the scope for cases that it considers to be in violation of the law. He said that the high-profile filings that the Commission has made throughout the year “[show] that even companies that attempt an ICO compliantly can get cross-ways with the regulators.”
“Take Kik for example,” he continued. “This was the SEC’s first Section 5 case, not alleging any fraud or abuse, but simply for failure to register what it deems as a security.”
The article is available in it’s entirety here: https://www.financemagnates.com/cryptocurrency/news/have-the-secs-telegram-kik-cases-brought-clarity-to-crypto/