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SEC subpoenas show the SAFT approach to token sales is a bad idea
SEC subpoenas show the SAFT approach to token sales is a bad idea
Long live Reg A ...

NYT: Subpoenas Signal S.E.C. Crackdown on Initial Coin Offerings
They're coming ...
The Securities and Exchange Commission has sent subpoenas to dozens of people and companies behind the rise of so-called initial coin offerings, a clear sign of the agency’s desire to rein in the popular new fund-raising method.... read on...
https://www.nytimes.com/2018/02/28/technology/initial-coin-offerings-sec.html

Nearly Half of 2017’s Cryptocurrency #ICO Projects Have Already Died (Fortune)
A word for caution for prospective ICO investors ...
http://fortune.com/2018/02/25/cryptocurrency-ico-collapse/
According to Fortune, between 46% and 59% of new 2017 ICOs have already failed in contrast to new company failure rates (in the US) of 20%.

CFTC warns consumers against crypto / ICO pump and dump schemes
CFTC warns consumers against crypto / ICO pump and dump schemes
See the Advisory here:
http://www.cftc.gov/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf
Their advice?
Don’t purchase digital coins or tokens because of a single tip, especially if it comes over social media.
Don’t believe ads or websites that promise quick wealth by investing in certain digital coins or tokens.
Do not participate in pump-and-dump trades; market manipulation is against the law and many participants end up losing money.
There is no such thing as a guaranteed investment or trading strategy. If someone tells you there is no risk of losing money, do not invest.

FinTech4Good Blockchain Incubator to be Launched at DC Forum ....
FinTech4Good Blockchain Incubator will be Launched at the DC Digital Asset Investment Forum on Feb. 20th, 2018
The 2018 Digital Asset Investment Forum (DAIF), organized by FinTech4Good, will be held on February 20th, 2018 in Washington D.C. This will be the second forum of FinTech4Good’s DAIF global series in the year of 2018, after the successful launch of the Digital Asset Leadership Committee in the first DAIF in New York.
... being launched by CfPA's very own Xiaochen Zhang.