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U.S. SEC halts initial coin offering ‘scam’ in first action by new cyber unit

Reuters

05 Dec 2017
Reprinted with permission.

The SEC announced its charges against PlexCorps in its alleged defrauding of investors through its initial coin offering, a move which Joshua Ashley Klayman believes is a positive for those who regularly engage in cryptocurrency.

“In my view, this is exactly the kind of enforcement action that we would hope that the SEC would do and should be viewed as a positive for the token community,” she said in the Reuters article “U.S. SEC halts initial coin offering ‘scam’ in first action by new cyber unit”.

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