SEC tightens the noose on ICO-funded startups
Had an interesting conversation if you have been involved in any ICO sales and live in North America, seek legal counsel <i>immediately</i>. Do not listen to idiots telling you this is good for the space, they don't know just how much reach SEC has when it comes to securities fraud. The investigation will likely span many years but they will eventually get to your ICO and will hit you with wire fraud and felony, which won't go away and it will impact your employment and possibly overseas travel.<p>If you were one of those companies that helped ICO launches, there's a good chance you will see jail time accordingly.<p>Remember, the SEC has the manpower and allegedly a technology to uncloak elaborate laundering on the open ledger, which opens up a whole new can of worms called anti-money laundering orgs that become activated.<p>Im glad I walked away from ICOs.