The SEC cracks down on two ICOs, creating a template for future enforcement16.19

There was huge news on the ICO/token sale front from the SEC on Friday regarding two initial coin offering (ICO issuers.) Let’s break it down.

What happened? Cease and desist orders were entered under the Securities Act of 1933 against two companies that raised money in token sales in late 2017. The SEC says:

Original source
https://www.theblockcrypto.com/2018/11/17/the-sec-cracks-down-on-two-icos-creates-a-template-for-future-enforcement/

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