SEC Investor Bulletin Warns of Risks Associated With Initial Coin Offerings

SEC Investor Bulletin Warns of Risks Associated With Initial Coin Offerings

In July, the SEC issued an Investor Bulletin to raise awareness of the risks associated with Initial Coin Offerings, which are investment offerings made by “virtual” organizations utilizing distributed ledger or blockchain technology. [1] The virtual coins or tokens that are issued in these offerings are typically offered and sold on the basis that…