Former SEC Employee Outlines Similarities They Found Between ICOs and IPOs

On Twitter, a consumer by the identify of TuongvyLe12 who used to work for the SEC posted a thread during which they explained the parallels between preliminary public choices (IPOs) and preliminary coin offerings (ICOs).

She began by noting that when she first started engaged on crypto SEC in 2017, most ICOs resembled IPOs in structure: teams promoting tokens to the general public to accumulate capital for creating protocols or purposes that did not yet exist, with little or no disclosures to help buyers make knowledgeable selections.

Whereas others argue that these have been never “funding contracts,” what’s clear at the moment is how far crypto has come: it’s a diversified and energetic ecosystem of actively utilized protocols, layers, purposes, and DAOs, and tokens might serve numerous functions, usefulness, and functionality.

https://cryptotale.org/former-sec-employee-outlines-similarities-they-found-between-icos-and-ipos/