How the SEC is Regulating ICOs
Last week, I was invited to the Den to give a lecture on the SEC's regulation of ICOs. By now, it's not a mystery that ICOs are regulated by the SEC, but how did we get to where we are today?
This lecture takes us through:
How companies raised money before ICOs;
How Congress attempted to address the problems of small and emerging business fundraising with the JOBS Act;
Why ICOs developed despite the JOBS Act's attempt to make capital raising easier;
How ICOs gave an example of the possibility of crowdfunding;
What is the SEC and why they became concerned with ICOs; and
The SEC's enforcement efforts against the ICO industry from 2017 to today, including companies raising money and doing airdrops to exchanges, influencers and crypto funds.
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