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Why the SEC’s ‘ICO Guide’ Paints a Dark Picture for Cryptocurrency in 2019

Greg Thomson

bitcoin cryptocurrency
bitcoin cryptocurrency

This week, the Securities and Exchange Commission tweeted out its guidelines for those launching and investing in ICOs, although many would say that over a year on from the peak of the cryptocurrency boom, the guidelines amount to too little, too late.

That said, the document still throws up several points of contention, including a rather gloomy outlook for cryptocurrency exchanges – even decentralized ones – and at least one possible violation of the First Amendment on the part of the SEC.

Cryptocurrency Promotion: A Knife’s Edge

ethereum cryptocurrency ico

Perhaps it’s no surprise that some prominent crypto executives have begun to declare themselves part of a “protocol” rather than a company in recent months. | Source: Shutterstock

The SEC defines a security as:

Read the full story on CCN.com.