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Although ICOs are not as mainstream as they were back in 2017-2018, the Securities and Exchange Commission (SEC) remains vigilant against actors seeking to run unlicensed securities offerings, as evidenced by its recent action against BitConnect.
However, despite its best intentions, the SEC still sends out mixed messages. This creates complications for earnest companies looking to raise money through token sales in a compliant fashion.
It is important for investors looking to participate in ICOs to understand the ongoing risks associated with this novel way of raising capital.
I currently provide legal consulting to cryptocurrency and fintech companies. Prior to consulting, I spent years as Regulatory Counsel for various companies in the
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I currently provide legal consulting to cryptocurrency and fintech companies. Prior to consulting, I spent years as Regulatory Counsel for various companies in the cryptocurrency space including Silvergate Bank, bitFlyer and Coinbase. I also previously served as Secretary of the Virtual Commodity Association.