John McAfee, the crypto evangelist, announced via Twitter that due to threats from the US Security Exchange Commission (SEC), he will no longer work with ICOs or advise them or recommend them to his followers. The stand the SEC has taken against ICOs seems to already be having a negative impact for Initial Coin Offerings, especially after Jay Clayton, SEC Chairman, classified almost all of them as Securities recently.
McAfee warned people who are currently working with ICOs or recommending them that they could be risking arrest if they continue. He commented on a future article he would be sharing with the community in regards to a new alternative to ICOs which, according to him, the SEC could not touch.
