Hundreds of ICOs Being Secretly Investigated by SEC, Claims Report

[cryptohunter]

this should be kept on page 1 to warn all ico investors that their investments can be reduced to dust at anytime

ethereum got away with it in part because their distriubution had a large POW stage that is still on going.

I would guess a HUGE % of ICO's will be closed down in the near future or forced to be exchanged on the fringes for dust prices

POW (that were not obvious premine instamine scams) will be fine

Don't assume because you are a top 50 ico you will be safe.... those are the biggest targets and I expect them to be getting the most attention.

If I were a good dev team right now I would look up buying up OLD and fairly distributed pow projects that are now very cheap and developing those.

[fulled]

As i know many project is avoiding investor from US, so who is 'hundreds' since only few ICO allowing us citizin to participate?

But i think this is a good news, because if many project proven to be guilty, i think in future the number of scams project will reduce

[Ansdaoust6]

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/

Was it expected any other way? I mean as a foreign person outside of USA as an investor I do not have to care about the SEC and I can just invest into any ICO I want and than sell it whenever it hits the exchanges however as the ICO based on USA they have to consider the fact that they are getting millions sometimes hundreds of millions of dollars which means they are a securities option and they need to react and pay taxes accordingly.

Which means sec will investigate them, this "investigation" is not against some crooked companies, its just investigation just to see if they are what they are and as long as they are not scamming anyone they have nothing to worry about.

[charlotte04]

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/

Good thing to know about that since a lot of ICOs are useless and they only do that because they want to accumulate a lot of money from investors even though the project is useless.

[kipoel]

With all of those process done by the SEC, it should be able to remove all kind of scam project, cause there will be something that keeping an eye of projects that opening an ICO.

[mine2slow]

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/

What the hell this sec sticks its nose and fingers everywhere?! If I'm not mistaken, sec influences only U.S. citizens. Why everybody is interested in its news? I guess, cryptomarket is an international economic entity, and it should get away from sec and other government agencies! They are done telling the market how to develop!

[gowobonyok]

in my opinion it was a good step if the SEC investigated ico and sentenced ico to a proven scam. it can reduce the scam, and can make the ICO industry in the crypto market can be even better.

[keyscore44]

I think it's good that someone controls it. Recently, a large number of scam ICOs have appeared, and their creators feel unpunished. The ICO should be legally regulated so that scammed investors can defend themselves in some way and have the opportunity to recover lost money if they discover the malicious intentions of the creators of the project.

[btcluisdiki]

In my opinion, if SEC had been investigating ICO's, I hope all of the ICO's should have been investigated just to check if it is a legitimate ICO or not. With SEC's involvement, I believe this could be a big help for the ICO investors such that they could not be scammed anymore by some scam ICO's out there. I would be in favor on that matter, at least scam ICO's could no longer operate in the crypto market and can no longer fool people around.