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Oh yes the SEC can absolutely claw back by applying laws in retrospective. Having too many offenders was never a problem for SEC. Just because you ICO'd before
by pwaai 9y ago
Oh yes the SEC can absolutely claw back by applying laws in retrospective. Having too many offenders was never a problem for SEC.
Just because you ICO'd before today doesn't mean you are safe at all, in fact I'd argue the opposite-you've opened up yourself to unknown regulatory liabilities.
- jellicle 9y agoThe SEC probably has about 5 employees working on ICOs, if that.
- TeMPOraL 9y agoSEC's forays into ICO world caught public attention; it wouldn't surprise me if that number suddenly increased, very soon.
- IntronExon 9y agoI have to agree, and it’s hard to imagine the SEC turning down a bunch of easy wins. The SEC is has internal politics just like any large group.
- Slump 9y agoI wouldn't be so sure. In the article linked they mention that J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, stated "The SEC is devoting a significant portion of its resources to the ICO market..." just a few days ago.
- PeterisP 9y agoThere's nothing that prevents them from assigning 50 employees starting from year 2020 to mop up every ICO offered up until now. And they won't only going for the companies, but against the founders / CxOs individually - it's a poor consolation if you're not getting criminal charges because they haven't looked at your case yet, since they have quite a few years to do so.
- CryptoPunk 9y agoThere is no way to stop the ICO phenomenon. The genie is out. And we should be grateful. Prejudicial judgements banning entire categories of economic collaboration are destructive to humanity.