Published on June 20th, 2018 | by bitcoin0
‘Regulatory Reckoning’ in future for Ico Market, says Cboe Global Markets President
CBOE Global Markets President Chris Concannon has claimed that the initial coin offering (ICO) market could soon face a two-fold regulatory “reckoning,” Business Insider reports June 19.
First, the SEC will go after ICO market participants.
Then, class-action lawsuits against the teams behind ICO projects will surge.” Concannon said that ICO investors “should lay awake at night” worrying about the uncertainty in the ICO market.
Whether the SEC would retroactively prosecute ICO projects remains uncertain.
In 2017, the ICO market broke funding records, raising a fiat equivalent of $4 billion.