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CONGRESSMAN INVITES CRYPTOCURRENCY INDUSTRY TO ICO REGULATION

A U.S. Congressman has invited 32 cryptocurrency industry organizations to Capitol Hill to discuss initial coin offering (ICO) regulation.

Axios reports that the summit, sponsored by Rep. Warren Davidson (R-OH), will take place on Sept. 25 and feature participation from a variety of businesses and non-profits, including Intercontinental Exchange (ICE), Nasdaq, CME Group, Andreessen Horowitz, Union Square Ventures, Circle, Kraken, Ripple, and Coin Center, among others.

The central discussion of the summit will be whether or not ICOs should be regulated as securities offerings under the purview of the Securities and Exchange Commission (SEC).

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