Bitcoin Forum

After China ICO's ban , In the US The Security and Exchange Commission today has charged (https://www.sec.gov/news/press-release/2017-185-0) both a diamond and a real estate initial coin offering scheme with defrauding investors.

ReCoin (http://www.prnewswire.com/news-releases/recoin-the-first-ever-cryptocurrency-backed-by-real-estate-confirms-token-pre-sale-and-ico-launch-dates-300487074.html) is a new Ethereum-based cryptocurrency with Smart Contracts capabilities that provide the solution to any B2B, B2C or P2P real estate rental activities. The value of REcoin is guaranteed by American real estate assets, which are held in a trust equal to the value of all REcoins sold.

DRC (https://drc.world/en) Diamond Reserve Coin is backed by phisical diamonds which are the most reliable and fast growing assets already for more than 100 years.
Diamonds prices constantly grow just as the value of your funds.

That's weird.  REcoin (backed by real estate) and Diamond world (backed by diamonds) are totally unknown in here.  And are these registered companies in the US that issued their own 'ICO's'?  I think they are and I don't think they did issue an ICO.  At least not the same type of ICO we see in crypto at least.

it seems to me like the media these days keeps demonizing what China did and closes an eye on the real facts. the facts that most of these ICOs are scams and illegal. and also the fact that many countries have been doing the same thing for years.
Initial Distribution stuff has never been legal to begin with.

updated my first post with some info about those US based ICO's

ReCoin (http://www.prnewswire.com/news-releases/recoin-the-first-ever-cryptocurrency-backed-by-real-estate-confirms-token-pre-sale-and-ico-launch-dates-300487074.html) is a new Ethereum-based cryptocurrency with Smart Contracts capabilities that provide the solution to any B2B, B2C or P2P real estate rental activities. The value of REcoin is guaranteed by American real estate assets, which are held in a trust equal to the value of all REcoins sold.

DRC (https://drc.world/en) Diamond Reserve Coin is backed by phisical diamonds which are the most reliable and fast growing assets already for more than 100 years.
Diamonds prices constantly grow just as the value of your funds.

This is only the beginning. Soon, all cryptos will be watched/banned/regulated by the US.

I really hope you are not right about that ;), but yes that is the possible future  :-\

Well, I would rephrase that to be "All crypto's that do not have a product, besides just a Whitepaper, will be watched/banned/regulated in the USA."

Would you go far to say that Ethereum has done something illegal as well?  I know some people who are higher up in the Bitcoin circle like Chris de Rose and lawyer Jason Siebert do think Vitalik Buterin has done so.  If he really did then what would that make all the ICO's that were issued in the platform?

And keep in mind,the real shit storm  has not even begun yet.

Keep in your mind that the bitcoin maximalist will always try to say that other altcoin just another scam, But they were never realized about the fact that other coin are still exist in this time.

The important thing that the vitaliks just provide the asset issuance as the infrasture in ethereum.

There are too many crap icos these days, a bit of regulation may weed out the scam useless ones and help the good ones to prosper. Digipulse is a good offering as it offers a useful service (kind of like a crypto will for deceased), whereas others are just a waste of good coins.

Hope the SEC investigates more ICOs, there are too many frauds going on in the name of ICOs

all these new ico scams were bound to get banned at some point. Anonymous unregulated token sales ... that was going to work out well.

the best ones were the ones over in 2 seconds with a 10M coming to exchange near you for 200M a few days later armed with dreams and talk white  toilet papers :)