SEC Statement on Potentially Unlawful Online Platforms for Trading Digital Assets
Publication Date: March 9, 2018

In light of online trading platforms gaining popularity as a way for investors to buy and sell digital assets, including coins and tokens offered and sold in Initial Coin Offerings, the SEC has raised concerns that these online trading platforms may trade assets that meet the definition of a "security" and give the misimpression to investors that they are regulated by the SEC or meet the regulatory standards of a national securities exchange. The SEC recently issued a statement outlining considerations for market participants using online trading platforms and highlighting resources for investors.