According to the President of the Chicago Board options exchange (CBOE) Chris Concannon, then the market primary offerings of coins (ICO) will face new regulatory restrictions. Reported by Business Insider.
Concannon is convinced that the first Commission at the securities and exchange Commission (SEC) will jeopardise ICO-tokens. Coin issued during primary offerings of coins will be declared SEC unregistered securities. In turn, it devalues a significant part of the assets of captainvalor.
The next phase of “reckoning”, said the President of the CBOE, will begin along with the wave of collective claims to the ICO. Concannon also noted that due to the regulatory uncertainty in the market, it is unlikely the ICO investors in the near future will sleep.
“If you sold someone unregistered securities, you are responsible for it”, — he stressed.
ForkLog previously reported that for the first 6 months of this year, the ICO projects have attracted more than $9 billion Is more than twice the total amount of funds collected primary offerings of coins for the whole of last year.