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Oct. 12, 2018
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According to the report of Yahoo Finance and Decrypt Media, the U.S. Securities and Exchange Commission has expanded its crackdown on Initial Coin Offerings. This activities of the regulator put hundreds of U.S. based projects and startups to risk.

As it was stated in the report, hundredsof blockchain companies that had ICOs were accused in violating securities lawsdespite their endeavors to comply with regulations.

Yahoo and Decrypt’s noted that manyfirms that were subpoenaed by the SEC did not know how to satisfy thecommission’s demands, and were unable to consult with other firms on how todeal with this problem.

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