The SEC should have acted much earlier before scam coins like Ethereum got a foot hold in the community. If you did anything similar with any other commodity, the SEC would have defined it as a security fraud and those founders would have been doing some jail time.
Since bigger companies are now involved, they just look the other way and ignore the fraud that are being done under their noses. ^hmmmmm^
Topic: [2017-20-08] CoreMedia.Info- The S.E.C. Crashed The I.C.O. Party, Now What? (Read 3557 times)
August 21, 2017, 02:18:21 AM
August 21, 2017, 12:37:57 AM
This is good thing that ICOs be regulated. Look at today, many newbies in the altcoin thread create ICOs, using almost every single hot keyword. They are 100% scams, otherwise they won't use newbie account to do it.
This won't change. The SEC's writ only applies to the United States of America. They can't regulate what happens in Dubai and China. ICOs will continue to happen, but they will require a declaration that you are not a US citizen before you invest in it.
August 21, 2017, 12:11:29 AM
This is good thing that ICOs be regulated. Look at today, many newbies in the altcoin thread create ICOs, using almost every single hot keyword. They are 100% scams, otherwise they won't use newbie account to do it.
I also do not have any problem if we regulate the issuance of ICOs since this is getting to be riddled with many scam-type of offerings and we have to protect innocent investors. From now on, projects have to be sure that they are legit and that they have a good concept or existing business that we can analyze anytime. As long as the regulation is not intended to stifled the market then it is fine with me.
August 20, 2017, 10:27:23 PM
This is good thing that ICOs be regulated. Look at today, many newbies in the altcoin thread create ICOs, using almost every single hot keyword. They are 100% scams, otherwise they won't use newbie account to do it.
August 20, 2017, 08:37:42 PM
Original URL: http://coremedia.info/blockchain-news/item/881-the-sec-crashed-the-ico-party-how-will-the-fun-continue
The S.E.C. Crashed The I.C.O. Party, How Will The Fun Continue?
Written By LoriLikes (the original poster)
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The S.E.C. Crashed The I.C.O. Party, How Will the Fun Continue?
Lorilikes
-A closer look at the Howey test and a few thoughts on how the I.C.O. Trend will be affected.
The Securities and Exchange Commission (SEC) recently made public its intention to assess and regulate certain crowd funding projects known in the crypto-space as ICO’s or Initial Coin Offering. Similar to IPOs, Initial Coin Offerings consist of campaigns where newly-issued cryptocurrencies or tokens are sold to initial project backers for BTC, altcoins or fiat.
The SEC has a narrow job description which is to protect investors, to maintain fair and tidy markets, and to promote and regulate the formation of capital. They are in position with the purpose of preventing another extreme financial crisis like The Great Depression which the USA endured during the 1920’s and part of the 1930s.
Of course many generations have come and departed since the Great Depression, but when the earliest scars of the Depression formed atop the financially wounded, thicker skin was the result, and The SEC was born. It is needless to say the SEC is a sincere, but stern bunch.
When the crypto-community began to loudly buzz with various, highly profitable ICO’s, the SEC was made aware of the trend, and quickly issued a public bulletin announcing an investigation, with some warnings and...
Read the rest of the article- http://coremedia.info/blockchain-news/item/881-the-sec-crashed-the-ico-party-how-will-the-fun-continue
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