SEC Readying to Drop the Hammer on ICO Projects?

in cryptocurrency •  8 months ago

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:

Download the Brave browser, it's free:
(That's my ref link, but it helps me out and is at no added cost to you)

Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:

Buy and Trade altcoins on Binance -

Secure your Crypto with a Ledger Nano S:
Ledger (back in stock)

Get a Free Trial of Coinigy (the trading/charting software I use):

Follow me on Steemit:

Follow me on Twitter:

Join the Facebook Group:

Portfolio Tracking:
Blockfolio - - -

*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *

** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Looking bad for a bunch of ICO-centric cryptos

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:

CoinPrice (USD)📉 24h📉 7d

Well, this was expected. I'm not sure what they can do with the overseas entities though!

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?!

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 ...