Former SEC Chief Calls IEOs “Unregulated Crypto-Casino Fundraising Mutations”

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In 2017, the explosion of initial coin offerings (ICOs) – a new fundraising method where startups could issue tokens in exchange for early capital they otherwise wouldn’t have access to – helped fuel the crypto mania alongside Bitcoin’s meteoric rise. The new opportunity for crowdfunding rewarded investors who were able to get in on the ground floor in tech startups with strong potential with substantial gains.

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