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> To be fair, the SEC losing their patience with ICOs and turning on the whole sector would do it. They are already doing just that in the last couple of month
by kobeya 9y ago
> To be fair, the SEC losing their patience with ICOs and turning on the whole sector would do it.
They are already doing just that in the last couple of months, and bitcoin remains unaffected.
- QAPereo 9y agoThe SEC have only cracked down a handful of obvious scams from the pool of obvious scams. That’s worlds away from a global crackdown on the entire space, or worse, congressional action. Whether or not you agree with said action, I’m sure you can think of reasons, stated or otherwise, that such action might Be taken.
- kobeya 9y agoNo they’ve been calling just about everyone operating in their jurisdiction. Many ‘reputable’ ICOs have halted their fundraising as a result of phone calls their lawyers received from the SEC. They’ve only filed suits agains the obvious scams so far, but that’s just a matter of priorities and the fact that they try to be soft handed with non-scams.
- zaroth 9y agoI believe it and a very good point. But do you have a source?
- kobeya 9y agoNot a quotable one no, although some like colony.io have blog posts explaining why they are changing the terms or schedule of their ICO. Others have refunded their ICO. But it is Back channel sources that tell me the others have received calls too (I work in this industry).
- QAPereo 9y agoIn that case, I doubly appreciate you sharing the info, it does fit with how the SEC likes to operate too.