SEC Reportedly Subpoenas Companies and Advisers Over ICOs

An anonymous reader writes: The U.S. Securities and Exchange Commission has issued subpoenas and information requests to "scores" of companies and advisors involved with initial coin offerings (ICOs) and digital token sales, according to the Wall Street Journal.

Re:

[aaarrrgggh]

Yeah... I have to agree. While my quality of life might be better with /. offline, from an IT perspective I would love to know what happened.

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[gravewax]

They can fuck off.

huh? this is exactly their jurisdiction.

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[rtb61]

Still doesn't matter. Quite clearly the war on unbacked crypto is hotting up as they set the stage for energy backed crypto. For those who dropped real money on the fake unbacked money, well, they are bunnies at night staring at the headlights of a car speeding down the road toward them, they know something is coming, they are so petrified they can't move and they know it is real, real bad and that car ain't stopping. You can hope that car has a blow out, you know they manage to pump those currencies up hig

Govt ineptitute

[lamer01]

It takes them 2+ years to realize that a major scam is taking place where the proponents are just using different names for what otherwise would be considered equity. It's childish to think that because something is not named IPO but ICO, it should be free of existing govt regulation.