The head of the Commission on securities and exchange Commission (SEC) , Jay Clayton (Jay Clayton) in an interview with CNBC expressed his confidence that bitcoins are not securities as act as a substitute for the national currencies.

Not to mention the names of cryptoprocta, he explained his opinion about the ICO:

When I give you money, and you have to start the thing.. and for it share the profits, saying, “you know what, I will bring you the income” — then we are talking about securities, and we handle it. We adjust the offer of securities and trading in securities.

However, he said that the SEC does not intend to change the traditional understanding of securities with the aim of supporting the ICO community.

Earlier, the former head of the Commission on urgent exchange trade of the USA (CFTC) Gary Gensler (Gary Gensler) stated that Ethereum and Ripple can represent unregistered securities, and Ripple will be difficult to prove otherwise.