SEC Readying to Drop the Hammer on ICO Projects?
The Wall Street Journal is reporting that the SEC has launched a probe into a number of recent ICO's and cryptocurrency projects, without releasing specific names yet. I've personally heard some rumblings of this occurring through subpoenas to projects and it's something that should probably be a bit scary for any "investor" in some of these cryptoassets. Let's talk about what it all means, plus recapping the ZCL Fork and more in today's discussion.
Link to the Wall Street Journal article:
https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266
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Looking bad for a bunch of ICO-centric cryptos
This was bound to happen and thanks for bringing it to our attention. Will this bring more people to non ICO projects, such as AirDrop coins or such?!
Another persecution head..
It's a knowledgeable post to all.keep sharing.hope everyone will be benefited on this video.keep it up.thank you.go ahead
Coins mentioned in post:
Well, this was expected. I'm not sure what they can do with the overseas entities though!
This must have been expected considering the over $3 billion raised last year in these ICOs and with no registrations with the SEC. The SEC is doing their due diligence to ensure that investor interests are being protected where needed and to ensure laws intended to do so where not followed. This may cause some short term concern but the ICO public sale market has dried up lately due to these concerns.
I wonder if they will just move towards the Telegram method, raise 850 Million Pre ICO! They only accepted money from accredited investors an are trying to avoid alot of the SEC regulations. Great show by marketingmonk from yesterday talking about it.
Utility Tokens and Security Tokens like Polymath will be under the radar very soon. Skirting the laws on Securities is a recipe for regulation and litigation. I want to see digital securities, but what's the right roadmap to get there? Perhaps we'll have to wait for a big player to jump in like a NASDAQ, S&P ...