Leaders of not one, but three regulatory agencies– Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton–all signed a joint statement reminding actors in the crypto space that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens.
Some have speculated that this may be new policy, but I’m not convinced. Though its release may have been accelerated by the new Telegram restraining order, it seems to be restating longhand policy.