CA DC | A conversation with SEC Commissioner Robert J. Jackson Jr. on FinTech

Stories of fortunes made through crypto-assets and “Initial Coin Offerings” (ICOs) in the local, national and international media are driving massive public interest in the emerging financial services sector known as “FinTech” (Finance and Technology), and its ever-broadening range of innovative products and new participants. Unregulated ICOs can be a wild west for investors. The DAO and SEC's recent enforcement actions improved investor protection by defining boundaries between investments and fraud. Inevitably, many crypto-assets in the US have elements of investment contracts, and need to comply with securities laws. On the other hand, FinTech and crypto-assets present a great opportunity to rethink financial services inefficiencies and reshape securities laws guided by equivalent principles, and keep the US at the forefront of innovation.