Since the SEC released its groundbreaking DAO Report 2017, there have been more than 30 SEC enforcement actions against ICO issuers and their officers
On Nov. 8, 2018, the SEC announced that it settled charges against Zachary Coburn, the founder of EtherDelta, who was found to be operating an unregistered national securities exchange and thus in violation of federal securities laws.
On Nov. 16, 2018, the SEC explained that both CarrierEQ Inc. (Airfox) and Paragon Coin Inc. conducted ICOs in 2017, after the DAO Report, warning that ICOs can be securities. Airfox, a Boston-based startup, raised approximately $15 million worth of digital assets, while Paragon, an online entity, raised approximately $12 million worth of digital assets. Neither company registered their ICOs pursuant to federal securities laws, and they did not qualify for an exemption to the registration requirements.
Both companies settled with the SEC and agreed to register the tokens as securities... https://cointelegraph.com/news/a-clear-path-for-ethereum
Topic: [2019-09-30] SEC enforcement of ICOs (Read 83 times)
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