In a recent op-ed, DNotes Global Inc. co-founder and CEO Alan Yong addressed the issues surrounding initial coin offerings (ICO) and the Securities and Exchange Commission’s role in protecting investors. In his remarks, he explained why ICOs have presented such a challenge for regulators. The SEC was created by an act of Congress, the Securities Exchange Act of 1934. That act was designed to restore investor confidence in the aftermath of the Great Crash of 1929. In the 9 years prior to that crash, an estimated $50 billion had been raised through the sale of new securities, and roughly half
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