Recent comments from the SEC mean that cryptocurrency crowdsales are legal in the United States. ICOs, on the other hand, are fraught with risks if done incorrectly. Basically, Securities laws will apply to an ICO as they do to an IPO, but not to a crowdsale.
Whatever the case may be, will ethereum rise again?
However, that has since turned around and Ethereum will rise again soon. ... Long-term price predictions suggest that not only can Ethereum reach 10000 dollars, but it will also reach prices well above that in the future and break its previous all-time high.7 days ago
However that may be, how much did ICO ethereum raise? A total of about $5.2 million was raised for the development of the platform by selling more than one million ether tokens and 12,000 bitcoins used to pay for the tokens. At the current rates those tokens would be worth nearly a half-billion dollars.
In any way, is ICO legal?
ICOs may fall outside existing regulations, depending on the nature of the project, or be banned altogether in some jurisdictions, such as China and South Korea. Due to the lack of regulation and enforcement of securities law, ICOs have been the vehicle for scams and fraud.
Are ICOs dead?
The initial coin offering (ICO) is all but dead, new data covering the past two years of the crypto fundraising phenomenon has concluded.