Crypto Win? SEC Admits Not All ICO Tokens are Securities

Under strict conditions, a US business travel company will be allowed to sell tokens. The SEC published a letter to TurnKey Jet today, which was in response to a previous letter from TurnKey’s lawyer. This is an about-face for the SEC, whose director Jay Clayton has in the past said that every token he has ever seen is a security, but recently softened his stance on Ether. The letter outlines the conditions under which the SEC has decided to recommend “no enforcement,” agreeing