The Commission on securities and exchange Commission (SEC) has confirmed that many investigations related to ICO.
Stephanie Avakian, co-Director of the SEC enforcement division, said that the Commission was now engaged in “dozens” of investigations related to cryptocurrency and ICO. According to Bloomberg BNA, Avakian reported during the conference, Investment Adviser Association, held in Washington this week. According to her, the Commission “sees much in the crypto space.”
Earlier this month, has repeatedly been reported that companies involved in the ICO, received a subpoena from the SEC. It started since last year. The Commission is examining every detail associated with the sale of tokens.
According to representatives of the SEC, the main purpose of the Commission is finding cases of illegal activity, particularly in the sale of tokens. The SEC also will explore the sale of tokens using the “Simple agreement for future tokens” (SAFT) is an immediate way to obtain funds in exchange for the promise of the distribution of tokens in the future.