2018-7-24 02:09 |
The U.S. Chamber of Commerce is interested in initial coin offerings as a way for companies to tap capital – but only if they’re regulated, that is.
According to the document, the initiative wants to “promote new and innovative ways to access capital, such as initial coin offerings (ICOs), while advocating for tailored oversight and strong consumer and investor protections.
Entrepreneurs know all too well how difficult it is to raise the capital necessary to start or grow their business.”
The Chamber continued:
“We urge the SEC to continue studying ICOs to see how they can be an effective tool for raising capital, while protecting investors and ensuring applicable laws are met.
“We look forward to working with both of these agencies as the use of tokens grows and regulatory expectations are clarified,” the Chamber concluded.
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