The SEC cracks down on two ICOs, creating a template for future enforcement

There was huge news on the ICO/token sale front from the SEC on Friday regarding two initial coin offering (ICO) issuers. Let’s break it down. What happened? Cease-and-desist orders were entered under the Securities Act of 1933 against two companies that raised money in token sales in late 2017. The SEC says: (1) each company’s … Continue reading The SEC cracks down on two ICOs, creating a template for future enforcement