Analysis: The SEC is Dropping the Hammer on ICOs

[kreslik.news]

Up until this point in history, virtual currency regulation in the United States has consisted of vague applications of federal law and a patchwork quilt of widely varying state-by-state regulations. However, with widespread reports that the United States’ SEC submitted “scores of subpoenas” last week and a series of crackdowns on various dealings in the cryptosphere, it seems that the regulatory hammer is about to drop.

Initial coin offerings (ICOs) in particular have been a subject of rather high interest as of late; the ICO industry that started the year 2017 as a multi-million dollar business has boomed into ... (read more)