SEC selective ICO enforcement might not be so bad; stablecoins hit a wall called FinCEN

Quick Take

  • Selective enforcement of ICOs by the SEC has been criticized by some as creating an unpredictable regulatory enforcement regime
  • A recent academic paper soon to be published in a law journal suggests that selective enforcement of ICOs has been a benefit to the space, made possible accompanied by with private class action and state regulatory activity
  • Also, recent FinCEN statements make it clear that stablecoins are and will be subject to BSA compliance obligations, suggesting that SEC activity that we see as a tail of ICO activity may be followed in similar measure by FinCEN regulatory activity

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SEC selective ICO enforcement might not be so bad; stablecoins hit a wall called FinCEN written by Stephen Palley @ https://www.theblockcrypto.com/daily/48092/sec-selective-ico-enforcement-might-not-be-so-bad-stablecoins-hit-a-wall-called-fincen?utm_source=rss&utm_medium=rss November 22, 2019 Stephen Palley

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