In crypto years, the July 25th report by the US Securities and Exchange Commission (SEC) on the DAO ICO probably feels like ancient history to many industry observers. Much has been written about it and the flavor of a lot of that comment has been that the gold rush is over.
For many, that interpretation was reinforced soon after the SEC’s report by the Chinese government’s decision to ban ICOs altogether – and give them the nasty name of “illegal financial crimes” to boot. Even Gibraltar got on the bandwagon – with its Financial Services Commission announcing on September 22nd that it was “considering” a regulatory framework “covering the promotion and sale of tokens.”
In crypto years, the July 25th report by the US Securities and Exchange Commission (SEC) on the DAO ICO probably feels like ancient history to many industry observers. Much has been written about it and the flavor of a lot of that comment has been that the gold rush is over.
For many, that interpretation was reinforced soon after the SEC’s report by the Chinese government’s decision to ban ICOs altogether – and give them the nasty name of “illegal financial crimes” to boot. Even Gibraltar got on the bandwagon – with its Financial Services Commission announcing on September 22nd that it was “considering” a regulatory framework “covering the promotion and sale of tokens.”
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