SEC to sue crypto bank AriseBank.

Earlier today coin desk published an article on the SEC suing the crypto Bank AriseBank for not having registered it security tokens but still offering its Ico within America. AriseBank released a Facebook post stating "Rather than close our ICOs and shiver in fear, companies like AriseBank have geared up for the coming fight with the SEC." And plans on fighting the SEC even after receiving a cease-and-desist order stating in another post "The fact remains that a private company can issue private stock to ANYONE who wants to invest in their company and/or products without the SEC’s involvement in any way." If they manage to pull it off, this could be a major victory for ico's in America

https://www.google.com/amp/s/www.coindesk.com/sec-files-fraud-suit-against-crypto-bank-ico/amp/