SEC Assembly Line? How ICO Enforcement Could Take Shape

[Cordillerabit]

According to Nicolas Morgan, a former lawyer for the U.S. government agency tasked with regulating the securities industry, the SEC is likely to roll out a sort of "assembly line" of enforcement actions against the nascent industry in the coming years.

He told CoinDesk, adding:

"You might be right that your ICO is not a security, and some judge, at the end of the day, may agree with you, but is it worth the expense and distraction to get that answer from a judge?"

"It's probably a better course of action if you're anywhere close to being a security, to just assume that it is and go forward with that presumption in mind.

https://cointelegraph.com/news/bitcoin-going-mainstream-coinbase-has-more-users-than-charles-schwab