SEC Shuts Down Munchee ICO
I don't get how the SEC differentiates between ICOs and kickstarters (not considering the ICOs that promise their token value to increase over time). How can there be any kind of innovation in fund raising space if the SEC wants every thing to be registered as securities. What bugs me the most is that many ICOs are funded by virtual currencies (btc or eth) and still SEC considers it self to have jurisdiction over the transactions that grown-up individuals do. Instead of considering $1mil net worth investors are accredited, SEC should have a certification test that an individual can take to prove he understands finance. If someone has $1mil, it doesn't prove a damn thing. It could very well be that they inherited it or won in a lottery.