Last year, ICOs increased in the United States in a way that allowed investors to invest only in high-end investors. The number of ICOs was 287 last year, 6.5 times more than last year. According to Market Watch, ICO, which is regulated by Regulation D, was 287 cases last year, and procurement amounted to $ 8.7 billion. 44 in 2017 and $ 2.1 billion in procurement.
Generally, the SEC registration of the Securities and Exchange Commission is required when conducting ICO in the United States. However, when the regulation D is implemented, the registration obligation is exempted. This approach allows investment only for large investors who meet certain criteria. Companies with more than $ 5 million in assets, and individuals with annual salaries of more than $ 200,000.
The SEC requires SEC registration if the token issued by ICO is deemed to be a security. ICOs who do not register in this way are showing a strict attitude. Indeed, last year some companies were fined $ 200,000 or more for neglect of registration. It is a problem that I did not register in advance.
On January 11 (local time), the SEC Compliance Inspectorate announced one of its six priorities, including digital assets. Digital assets include cryptography or tokens. The Securities and Exchange Commission (SEC) said that the fast-growing digital asset market could be a risk to individual investors and will respond first to the potential risk to individual investors this year. It will continue to monitor the provision, sale, trade, and management of digital assets, and if it is a security, it will inspect whether it is in compliance with the regulations. For more information, please click here .