15 Oct Impending Regulation of ICOs
Like Reg A+, many would-be issuers (and some investors) have been recently enamored by the string of successful ICOs (Initial Coin Offerings). However, instances of fraud and abuse have been widespread, which has significantly slowed the recent uptake. It has also prompted the SEC to issue several warnings to the public on the potential for fraud and abuse.
One thing is for certain: that which can hurt people’s health and handbag is up for regulation–which is definitely the case for ICOs.
Like most opportunities, those that got in early are likely to reap the largest benefits long term. Yes, the market for blockchain is massive and we have yet to scratch the surface of the various niches blockchain technology will impact. However, the relevancy and potential for massive exposure on each successive ICO is likely to decrease assymtotically as time progresses.
I doubt we have seen the last of the major “pops” in some of the larger ICO issuances, but once Initial Coin Offerings run their course AND regulation hits the fan, the proverbial block[chain] party will likely be over.