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Crypto industry sweep: ICOs and token offerings under increasing scrutiny by US regulators

Overview

Major media outlets recently reported that the US Securities Exchange Commission (SEC) has issued dozens of subpoenas and information requests to companies, investors and advisers engaged in cryptocurrency-related activities. The SEC's probe follows repeated warnings that many token sales, commonly referred to as initial coin offerings or ICOs, may be violating securities laws. 

 

This article looks at how this activity signals the agency's intention to thoroughly scrutinize ICOs.