On Friday (16 November 2018), the U.S. Securities and Exchange Commission (SEC) announced that two blockchain startups that had raised funds in 2017 via ICOs had agreed to refund investors, register their tokens as securities, file regular reports with the SEC, and pay civil penalties for registration violations.
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Only 2? This might turn into an avalanche if the prosecutions are successful. I wonder if you can pay fines in Crypto?
That would be easier for them if they can pay the fines in Crypto. But I don't think SEC will allow that.
If they break the rules and don't follow the instruction from the commission, they should be fined and punished. We have to remember that the centralized authorities are still in charge!
This is no surprise. The SEC is out to stop this industry so they can hand it over to Wall Street. Their goal is obvious.
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