ICO-startups are under threat. The SEC held a secret investigation

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Many American projects for the initial placement of tokens returned money to investors and pay the penalty, not giving it publicity

The Commission on securities and exchange Commission (SEC) is actively reviewing the operations of the ICO startups, causing hundreds of project sponsors for the initial placement of tokens had to return funds to investors and to pay a fine, according to Yahoo Finance. A portal together with Decrypt Media conducted a study of the industry, which found that the situation is much more serious than it may seem at first glance.

According to the authors of the article, many startups have violated the law on placement of securities, in many ways it was that campaign fundraising were not only accredited investors. Now, many companies are in limbo because they don’t understand what needs to be done in order to satisfy the SEC’s requirements, and how these issues are decided by others.

The leaders of the blockchain projects spoke about the situation on condition of anonymity because of the ban by the regulator on disclosure of information. They stressed that the main problem lies in the fact that the Agency is trying to control the industry by the same rules that are used when working with stocks, bonds and so on.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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