For the first time ICOs were able to raise more money than VCs

[sheld0n]

Since a long time now, ICOs have been attracting a lot of attention from investors, startups, entrepreneurs, and regulators. One of these regulators is the Securities and Exchange Commission (SEC), which recently published an official report, explaining its official stand on initial coin offerings. According to the official report, initial coin offerings that give tokens in exchange for money are regarded as securities and thus should be properly regulated. In the past, most projects have bypassed this ruling by simply barring U.S. citizens from participating into their ICOs. But with this new ruling by the SEC, startups can implement necessary regulatory measures and allow U.S. citizens to contribute into their ICOs.