[2018-10-10] SEC tightens the noose on ICO-funded startups

[gentlemand]

https://finance.yahoo.com/news/sec-tightens-noose-ico-funded-startups-145827742.html?soc_src=social-sh&soc_trk=tw&guccounter=1

A deeply unsurprising tale here. The law takes its time. When it can be bothered to paying attention to you it parks its arse on your face and doesn't get up again. This article mentions multiple refunds. I can't say I've ever spotted any mention of that on here.

[Theb]

This is the problem startups are facing when the country lacks legal framework for tge cryptocurrency industry one of their departments takes over and try to manage the industry in his own way. For a lot of countries their central bank is the problem they are facing in their crypto industry but the U.S. is different as their SEC is the one calling the shots. This wouldn't be a problem if their legislative body even constructed a law for them in the first place, from classification to the regulation itself everything will be in order if they have one.