State Securities Regulators Step Up on ICO and Cryptocurrency Enforcement

As I have previously noted (most recently here), the SEC recently has stepped up its regulatory efforts to police the burgeoning Initial Coin Offering (ICO) market, as well as cryptocurrencies generally. Now it appears that the federal regulators are not going to be the only ones to get in on the act. U.S. state regulators have recently stepped forward to assert their concerns and their authority as well, and at least one state regulator is backing the words up with action.   The January 4, 2018 NASAA Statement The North American Securities Administrators Association (NASAA) is the national voluntary membership association of the securities regulatory authorities in the 50 states, the District of Columbia, Puerto Rico, and the U.S. territories, as well as the provincial and territorial authorities in Canada and Mexico.   On January 4, 2018, the NASAA issued a statement captioned “NASAA Reminds Investors to Approach Cryptocurrencies, Initial Coin Offerings and…

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