Initial Coin Offerings Horrify a Former S.E.C. Regulator - The New York Times

www.nytimes.com

Joseph Grundfest, who was a commissioner at the S.E.C. in the 1980s and is now a law and business professor at Stanford, said he had been contacting current commission officials and staff to urge them to bring cases, and fast. “I.C.O.s represent the most pervasive, open and notorious violation of federal securities laws since the Code of Hammurabi,” Mr. Grundfest said in an interview.

More foreshadowing for ICOs, at this point only a matter of time before the SEC starts to make moves here.

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