
Initial Coin Offerings or Token Offerings (commonly known as “ICOs”) became an increasingly popular means of raising capital in 2017 and 2018, with icodata.io showing over $7.8 billion raised from ICOs in 2018 alone. The ICO market, however, has cooled considerably in 2019, with icodata.io showing only 98 ICO’s raising an aggregate of $0.36 billion as of the end of October 2019, and this decrease is likely a result of increased scrutiny from regulators, including, in particular, the U.S. Securities and Exchange Commission (“SEC”). While the regulatory pendulum has swung in the direction of the SEC demanding more registered offerings… Read more