Yes, I spoke of two frauds in a previous video that I did. In that particular case, the person running the ICO claimed to have raised over 2 million dollars (correct me if I'm wrong), and he ALSO claimed to have a team of accountants and lawyers.
The investigation only found $300k and NO TEAM. I'm with you, there has to be a way to hold scam ICOs accountable for their actions. However, one could argue that government shouldn't intervene in this space.
I think basic reporting might be a fair requirement. Just so the public has an official filing to refer to and one that the SEC can investigate if they get wind of anything sketchy.
Do government organizations actually maintain said boundaries though? Historically speaking, it seems that when government organizations are given an inch, they take a mile.
Yes, I spoke of two frauds in a previous video that I did. In that particular case, the person running the ICO claimed to have raised over 2 million dollars (correct me if I'm wrong), and he ALSO claimed to have a team of accountants and lawyers.
The investigation only found $300k and NO TEAM. I'm with you, there has to be a way to hold scam ICOs accountable for their actions. However, one could argue that government shouldn't intervene in this space.
I think basic reporting might be a fair requirement. Just so the public has an official filing to refer to and one that the SEC can investigate if they get wind of anything sketchy.
Do government organizations actually maintain said boundaries though? Historically speaking, it seems that when government organizations are given an inch, they take a mile.