Joseph Grundfest and Jay Clayton, Stanford Law Rock Center for Corporate Governance

Former SEC Chairman Grundfest says to Jay Clayton “you’ve gone after only three (ICOs) when there are hundreds that look almost identical, why?” Jay Clayton responds by saying “I think that the three offerings we have gone after in the 21A report make it pretty clear to people what we think is permissible and not permissible” and that “if the market continues as it is those will not be the last enforcement actions.”

Source: @sentosumosaba