The Securities and Exchange Commission [SEC] of the United States of America has been a major factor in the acceptance or denial of cryptocurrencies in the country. The body has intervened in several developments and updates, citing regulations and laws that will be a key component in pushing cryptocurrencies such as Bitcoin [BTC] into the mainstream realm.
In the latest report published by the SEC, the regulatory body talked about Initial Coin Offerings [ICOs], the rules and procedures behind it as well as the main issue of legitimacy, one of the most recurring topics in the field of cryptocurrencies. The report starts by stating:
“Companies and individuals are increasingly considering initial coin offerings (ICOs) as a way to raise capital or participate in investment opportunities. While these digital assets and the technology behind them may present a new and efficient means for carrying out financial transactions, they also bring an increased risk of fraud and manipulation…
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