The SEC has adopted an innovate way to educate crypto investors that how a ‘so-real-yet-so-fake’ ICO scheme looks like!
As a part of the agency’s months-long probe into the nascent crypto fundraising mechanism, SEC has subpoenaed the online retailer Overstock and requested for additional information about the company’s ongoing $250 million ICO for its tZero alternative trading system.
Not all domestic ICOs are expected to be heavily affected by recent SEC’s guidance, but it will surely give companies and investors additional regulatory concerns.
The U.S. regulators are getting concerned about the ICOs celebrity promotion calling it “unlawful”.
The new exchange is promised to drive the growth of security token market by changing the trade of virtual tokens issued via Initial Coin Offerings.
Despite a recent cooldown in the market, ICOs are still a very hot topic for venture capitalists, due to their phenomenal potential for high returns.