US SEC Chairman: Most Crypto Tokens and ICOs Violate US Securities Laws

[President of the US SEC: Majority of crypto tokens and ICOs violate US securities laws] Golden Financial said at the Aspen Security Summit on Tuesday that the chairman of the Securities and Exchange Commission of the United States, Gary Gensler, had said that most crypto symbols and ICOs violate state law. He agreed with SEC Chairman Jay Clayton that "every ICO I've seen is secure." Gensler believes that we now have a crypto industry and that many tokens can be safely deregistered without public or commercial oversight. Gensler said he believes the cryptocurrency market needs to put security measures in place.