Industry regulators are finally catching up with blockchain companies that have dubiously defined their tokens as "utilities" (therefore avoiding the strict issuing and management requirements of "securities"). The U.S. Securities and Exchange Commission has publicly brought a number of enforcement actions against over 20 such companies and individuals, which is encouraging the rest of the blockchain industry to step back into line.
This article originally appeared on Bitcoin Magazine.
via Bitcoin Magazine https://bitcoinmagazine.com/articles/cartoon-driving-sheep/#1559070729
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