On a sleepy Sunday morning the SEC decided to issue a grab bag of commentary on ‘coin offerings’. The timing is interesting, but it certainly didn’t get past the peering eyes of crypto twitter. The initial paragraph of the release, which looks and feels almost like a carefully coordinated press release (colorful, easy to digest snippets, drop down menus, etc), was an introduction to the guidance positioned for retail investor public consumption:
“Companies and individuals are increasingly considering initial coin offerings (ICOs) as a way to raise capital or participate in investment opportunities. While these digital assets and the technology behind them may present a new and efficient means for carrying out financial transactions, they also bring increased risk of fraud and manipulation because the markets for these assets are less regulated than traditional capital markets.”
The crypto ecosystem continues to wait with breathless anticipation as regulatory agencies craft the constructive architecture that will either move the industry quickly forward or dramatically slow it down.
To view the entire release:
The post RELEASE: SEC ICO GUIDANCE: Securities And Exchange Commission Issues New Guidance For Investors, Bullet Points On Coin Offerings For Public Consumption appeared first on Abacus Journal – Cryptocurrency News.