Nasdaq CEO Friedman Says Exchange Is Keeping ICOs at Arm's Length
- Friedman sees risks associated with initial coin offerings
- SEC Chair also cast doubt on ICOs, which raised $2 billion
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Nasdaq Inc. Chief Executive Officer Adena Friedman said the exchange operator is keeping its distance from initial coin offerings.
“There is no standard for disclosure,” Friedman said at the annual Financial Markets Quality Conference at Georgetown University in Washington Tuesday. “There are no protections for investors. There’s no ownership.”