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/What the hell this sec sticks its nose and fingers everywhere?! If I'm not mistaken, sec influences only U.S. citizens. Why everybody is interested in its news? I guess, cryptomarket is an international economic entity, and it should get away from sec and other government agencies! They are done telling the market how to develop!