"In December 2017, the US Securities Exchange Commission (SEC) classified tokens from ICOs as securities. As a matter of fact, the SEC Chair Jay Clayton was quoted in 2017 saying that ""a token constituted an investment contract and therefore was a security under our federal securities laws. Specifically, we concluded that the token offering represented an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others."" Essentially, there is great intent to regulate ICOs. This was demonstrated when the SEC halted Munchee, a California company with a food review app. Munchee was attempting to raise money to create a cryptocurrency that would work within the app to order food. This is the first instance of the SEC issuing a cease and desist for an ICO for unregistered securities.
However, while the regulatory measures are being put in place, I believe it is a good idea to list ICOs or invest in them via platforms that ensure the accountability of ICO launchers while also protecting the interests of the investors. There are protocols available like escrow protocol which are very helpful in such situations. Would like to know what you think. "

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