SEC's annual report shows that the agency is increasing its focus on cryptocurrency scams
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The SEC is particularly focused on Initial Coin Offerings (ICO). In its report, the SEC notes that "In the past year, the Division has opened dozens of investigations involving ICOs and digital assets, many of which were ongoing at the close of FY 2018." The SEC is also extending its focus beyond ICOs, stating that "the Division also has pursued enforcement actions to ensure compliance with the registration requirements of the federal securities laws." (Source: SEC)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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