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/Good thing to know about that since a lot of ICOs are useless and they only do that because they want to accumulate a lot of money from investors even though the project is useless.