Hundreds of ICOs Being Secretly Investigated by SEC, Claims Report - page 2.

joelsamuya

member

Activity: 532

Merit: 41

https://emirex.com

Quote from: jiasdw on October 11, 2018, 10:01:12 PM

Hundreds of startups are reportedly being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.

Yahoo Finance and Decrypt claims that “Hundreds of startups that did token sales are finding out they’re in violation of securities law— including many that were sure they did it the right way.”

https://news.bitcoin.com/hundreds-of-icos-being-secretly-investigated-by-sec-claims-report/

Its better to do it than watching those ICO projects get our money and then gone, so its better that SEC would investigate this fraud ICO scattered nowadays, me too a victim of this fake ICO. Been able to promote their projects and turn out that they are scam, im so shame for promoting it, i should be more cautious nowadays of what ICO have working products, than riding on the hypes.

dumplingsandsushi

member

Activity: 476

Merit: 41

Well, it's not really a "secret".
SEC has the authority in the US to investigate any company that deals with any kind of asset, whether that be a security or not.
All of these ICOs being surprised the were in violation of laws just goes to show how incompetent and terrible the vast majority of ICOs are.

Also, I am glad the SEC is looking into these things and coming down hard.
Our market has been crashing and burning all year and now is just like a slow turtle.
We need new money to come into crypto and normal investors ain't havin it, we need institutional money to come in.
You now, the traditional wall street guys, hedge funds, vcs and stuff.
The only way they would seriously jump in is if there were less risk.
More regulation and structure means less risk means more institutional money coming in.

enhu

legendary

Activity: 2492

Merit: 1018

Things change radically, the adoption we have been trying to achieve has to go into these procedure first before it can be achieved. Is this the reason for the new dip of BTC since yesterday? If I just knew I would have dumped everything and forget crypto for a year before investing again. The worse case is that, the price will stay this way for probably at least 2 years. Glad I didn't quit my day job.

auliahr

full member

Activity: 518

Merit: 100

why must the SEC? Is there no other regulator? We know that ICO does not come from the United States and investors from the United States are prohibited from participating in ICO, so what is the relationship with the SEC? even though it is clear that there is no relationship with his country and does not harm him at all.

to be honest I really agree with SEC actions that are very anti fraudulent investments and other scammers, but I don't agree with their greatness to do whatever they want and can backfire for the crypto world.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: elwiswoodie on October 11, 2018, 10:05:45 PM

it looks like the SEC is starting to act and is starting to pay attention to the rampant online fraud through the way token sales. I myself support the SEC's activities, because all cryptocurrency investors do need security in investing, although protection for US citizens is very high, but everyone outside the US always considers the policies taken by the SEC as a benchmark, whether the related projects are good for investment

Because the majority of them are claimed that they have achieved SEC approval and SEC was taking an action to prevent them all. these guys must learn what they are doing. SEC wants tp secure their investors from scammers. Recently a scammer from Thailand has caught by SEC and he will be deported to the Thailand again .

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

Quote from: jiasdw on October 11, 2018, 10:01:12 PM

Hundreds of startups are reportedly being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.

Yahoo Finance and Decrypt claims that “Hundreds of startups that did token sales are finding out they’re in violation of securities law— including many that were sure they did it the right way.”

https://news.bitcoin.com/hundreds-of-icos-being-secretly-investigated-by-sec-claims-report/

It's been far too easy for scammers to defraud people in this space. Regulation is a good idea but please don't make it so that Crypto is equated to Venture Capital and have crazy minimum limits on the amount you can invest like there is now.

Ayomiqueen

copper member

Activity: 168

Merit: 0

Let see how it goes but I think this will solve some issues in the crypto space with ICOs scam everywhere , regulation is just not needed in crypto but human are unpredictable and are full of unexpected things , so putting the ICOs dev in watch would not be a bad thing so as to safe investors from lossing their funds while trying to make profit .

elwiswoodie

member

Activity: 378

Merit: 16

it looks like the SEC is starting to act and is starting to pay attention to the rampant online fraud through the way token sales. I myself support the SEC's activities, because all cryptocurrency investors do need security in investing, although protection for US citizens is very high, but everyone outside the US always considers the policies taken by the SEC as a benchmark, whether the related projects are good for investment

jiasdw

newbie

Activity: 14

Merit: 0

Hundreds of startups are reportedly being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.

Yahoo Finance and Decrypt claims that “Hundreds of startups that did token sales are finding out they’re in violation of securities law— including many that were sure they did it the right way.”

https://news.bitcoin.com/hundreds-of-icos-being-secretly-investigated-by-sec-claims-report/

Topic: Hundreds of ICOs Being Secretly Investigated by SEC, Claims Report - page 2. (Read 290 times)