- SEC An Etherem-based ICO Startup Rattle
It is a phone call from SEC pressures to stop the ICO startup operation during the last few weeks. This is the subject of the initial coin offering (ICO) and the latest SEC announcement has been a hot conversation. After establishing these billions this year some people thought that ICO is getting some hands in the environment and the US. The regulator agrees. Now a new token crowd, due to a recent phone call with the regulatory agency, the operation created by a startup named Protestant has ended. These protesters had made an ether of approximately Dollars 45,000 to produce the earning distribution the app (decentralized application) during their ICO started two weeks ago.
It was contacted by the United States Security and Exchange Commission regarding the introduction of protocol token initial coins for the development of our Etherum decentralized application on August 24, 2017. The recent announcement of its introduction explains.
It has to relocate Prostostar to team plans and other projects for remand investors. According to a recent interview with Forbes columnist Laura Shin, the founder of Protostar Joshua Gillson said [SEC Investigators] called me and told me about the company. In order to volunteer a group of information. Gillson admitted that because of the interrogation, he felt that he needed to contact the team's lawyers. Then the prototype founder has said that he talks with lawyers familiar with the exchange commission's regulatory procedures. But no one can give him a solid answer. Therefore, the team decided to withdraw its investor's ether and move on various projects.
- The new director of the investment director of the SEC and the 'ICO Gray Area *
Currently, many other ICOs are finding themselves in regulatory 'Gray Area', where they do not know whether the SEC understands its token project securities. This American regulator has not implemented anything yet. But it seems that now they have increased their regulatory efforts.
These cryptic enthusiasts were shocked to hear that the regulatory agency has appointed Dailies Blaze as the director of the investment management division. These Blouses work for a law firm who advised Winklewos Twins, so people think that they can become 'crypto-proponent' and potentially highly anticipated bitcoin can move ETF forward. However, there is no reason to think that the SEC ETF will release the slide or make it easy on the ICO.
With this type of investment vehicles, the U.S. Due to regulatory concerns, this Protocol will be the first ICO to close the shop.
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