Director of SEC sees ICOs as vehicule for fraud

[CryptoGirl]

During a speech given at a Securities Enforcement Forum on Thursday, the co-director of the Securities and Exchange Commission (SEC) Enforcement Division, Stephanie Avakian made it clear that the commission sees the need for strict digital enforcement when it comes to ICOs.

“Blockchain technology presents many interesting issues and can of course present legitimate opportunities for raising capital. But, like many legitimate ways of raising capital, the popular appeal of virtual currency and Blockchain technology can be an attractive vehicle for fraudulent conduct. We think that creating a permanent structure for the consideration of these issues within the Cyber Unit will ensure continued focus on protecting both investors and market integrity in this space.”

https://cointelegraph.com/news/sec-enforcement-division-says-icos-a-vehicle-for-fraud