December 20, 2019, 3:40PM EST
• 7 min read
ICO issuer avoids chopping block: the latest SEC order signals path for 2020
- SEC settles with another ICO issuer, Blockchain of Things, Inc.
- Settlement allows company to continue in existence, paying a relatively small fine and allowing investors to claim a refund.
- SEC seems to be following a pattern of allowing issuers in non-fraud cases to continue in existence if a path to compliance is possible
- While securities law in crypto does not hold many surprises, expect to see in 2020 further enforcement activity in areas where there is less published caselaw and fewer public settlements, including in tax arena.