Hundreds of startups are reportedly being secretly targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.
Yahoo Finance and Decrypt claims that Hundreds of startups that did token sales are finding out theyre in violation of securities law including many that were sure they did it the right way.
https://news.bitcoin.com/hundreds-of-icos-being-secretly-investigated-by-sec-claims-report/Well then. It is good to hear being in cryptocurrency world. We need to get assurance from any company start ups and ICOs that we are working in a legitimate projects. SEC secretly imvestigating them will make them wary of what they are doing. This may avoid scamming people and be careful with what they are doing.