It seems to be the same as that of the Initial Coin Offering (ICO) Securities and Exchange Commission (SEC).
Around 300 ICO projects have been approved by the SEC back in 2018 according to a report from Market Watch. It seems that the regulatory agency has 287 projects last year.
I did not offer it to the general public. Indeed, they are offered to accredited investors by the U.S. SEC. $ 1 million or an income of $ 200,000 during the last two years.
Companies can file a simple 'Form D' with the regulatory agency. Once the company is approved, interested in accredited investors are able to place their funds in the company. 12.4 million accredited investors in the U.S.
The SEC has been trying to regulate the cryptocurrency and ICO market during 2018. Indeed, it started issuing enforcement actions against the different ICOs that were launched to the market. For example, Paragon and Airfox had to give their funds back and also pay to $ 250,000 for forging unregistered securities.
In the future, the SEC could release new regulations for the crypto space and for ICOs. During the last few months, the number of the initial coin offerings has been decreasing to the control of the SEC and other institutions in the world.
Role in the crypto space. Scammers and fraudulent companies to harm retail investors.