SEC selective ICO enforcement might not be so bad; stablecoins hit a wall called FinCEN

Quick Take

  • Selective enforcement of ICOs by the SEC has been criticized by some as creating an unpredictable regulatory enforcement regime
  • A recent academic paper soon to be published in a law journal suggests that selective enforcement of ICOs has been a benefit to the space, made possible accompanied by private class action and state regulatory activity
  • Also, recent FinCEN statements make it clear that stablecoins are and will be subject to BSA compliance obligations, suggesting that SEC activity that we see as a tail of ICO activity may be followed in similar measure by FinCEN regulatory activity
Two or three years ago everyone and their Great Aunt Mathilda wanted to do an ICO and was convinced that if they went to Zug and sold tokens they wouldn’t have to worry about securities laws. I’d have calls with people where they would say that they wanted to do a blockchain for wholesale fish […]

Subscribe to The Block News+ to
Unlock this Feature


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Trending Stories

Digital asset economy fuels instant settlements innovation

Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC