SEC ramps up pressure on cryptocurrency startups

The Securities and Exchange Commission (SEC), after issuing a bundle of subpoenas in early 2018, is following up on settlements with cryptocurrency startups who raised funds through ICO's. Many companies feel that the SEC's expectations around regulation and settlement remain unclear, but instead of resisting, have quietly agreed to refund investor money and pay a fine. However, properly refunding the ICO participants is not always straightforward because some projects lack the buyers' information and only have an exchange address. (Source: Yahoo)

TAGS
SEC

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on