SEC Enforcement Director: ICO Fraud Requires ‘Thoughtful Approach’

The SEC’s new cyber unit appears to be stepping up its rhetoric on ICOs.

Speaking at the Securities Enforcement Forum on Thursday, SEC Division of Enforcement co-director Stephanie Avakian took the opportunity to give a broad overview of the unit’s mission, once again emphasizing that token sales, the process by which startups use custom cryptocurrencies for fundraising, would be a focus…

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