Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => On Youtube => Topic started by: dragononcrypto on November 20, 2018, 03:12:31 PM
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SEC BEGINS ICO SHUTDOWN
The SEC has gone after 2 projects which have had recent ICOs. This may not be the first time that has happened but there are 3 reasons why this time is different and could be the start of a new Crypto trend.
1. UTILITY TOKENS - The projects made ICO purchasers confirm that they were only buying tokens for future utility
2. USD REFUNDS - Investors in both projects can re-claim their investments... in USD not in ETH
3. COMPLIANT - Even though both projects have carried out illegal, unregistered security offerings, the SEC has taken a reasonable approach and is allowing the projects to become compliant by paying a fine and registering as securities now.
In this video, I'll be breaking down the above topics in a more extensive manner.