"The SEC has resolved the turnover of seven crypto-currencies used in ICO, which will be traded in pairs.
Bitcoin (BTC),
Lightcoin (LTC / USD)
Bitcoin and Litecoin was not started with any scammy ICO were never even close to be a securities. You most likely read it wrong or they had really bad advisers.
Someone has started to publish the source code of bitcoin blockchain and that's why there was a litecoin that has created by charlie lee. I thought that remember html coin. There is a lot of coin that used bitcoin's code.