SEC exposes two Initial Coin Offering scams

The Securities and Exchange Commission is gradually wading deeper and deeper into the fog of crypto regulation. So far they have taken what most consider to be a well-considered and responsible approach of largely staying hands-off and gradually voicing an opinion after careful consideration. This week the SEC graduated from opinion to action when it charged 2 token-based "projects" (read: scams) with fraud. It's pretty clear-cut that these were scams, and the crypto community as a whole has applauded this action. It's fairly certain that the SEC will continue to take a more visible role in the crypto ecosystem going forward, and following their movements closely now is important to divining their stance going forward. 


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