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.
Bitcoinmagazine.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!