SEC Extends Reach to Digital Currencies
US regulator makes strongest move yet toward overseeing finance’s Wild West
![bitcoinsgolden-app bitcoinsgolden-app](/sites/default/files/styles/landscape_750_463/public/import/IMG/394/316394/bitcoinsgolden-app-580x358.jpg.webp?itok=SO25vgSv)
The Securities and Exchange Commission (SEC) released a series of investor bulletins, investigative reports and statements late on July 25, detailing its examination of a recent case of fraud in the ether digital currency.
It found that certain initial coin offerings (ICOs), which act as a form of equity crowdfunding by allowing investors to purchase tokens or coins that entitle them to a share of a company or project, can behave in the same way as traditional investments. As such, the SEC says
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