CoinSpeaker Kik is Getting Ready for the Legal Battle with the SEC
Initial coin offerings (ICOs) have become widely spread, but not all are positive about this new form of funding. Regulators of the U.S. are continuously taking measures against ICOs. Jay Clayton, a commissioner at the U.S.’ Securities and Exchange Commission (SEC), stated earlier that ICOs are not exempt from the financial legislature. According to Clayton, ICOs are extremely risky and connected with fraud and manipulation.