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SEC may investigate exchanges facilitating IEOs, official says

SEC may investigate exchanges facilitating IEOs, official says – The Block

The U.S. Securities and Exchange Commission (SEC) may look into US-based crypto exchanges that have carried out initial exchange offerings (IEOs), CoinDesk writes. Exchanges may be operating as unauthorised securities dealers under U.S. securities laws if they take a fee for facilitating token sales, SEC official Valerie Szczepanik told an audience at the Consensus 2019 …