30 Sep '17, 12pm

SEC Charges 'Real Estate and Diamond' ICO With Fraud - Bitcoin News

SEC Charges 'Real Estate and Diamond' ICO With Fraud - Bitcoin News

Over the past two months, U.S. regulators have been “concerned” for retail investors taking their chances with blockchain-based ICOs. Just recently the SEC chairman, Jay Clayton, explained he was uneasy with the latest ICO hype and referred to the projects as “pump-and-dump schemes.” Clayton stated these remarks the day after the SEC created a new “Cyber Unit” taskforce to combat ICO fraud. Now the regulatory agency has exposed an Ethereum-based ICO that was purportedly backed by real estate and diamonds.

Full article: https://news.bitcoin.com/sec-charges-real-estate-and-diam...

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