The SEC’s Recent Rulings Are More About Exchanges Than ICOs

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team.

The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here.

With the market reeling from the SEC’s settlement last week with two ICO issuers for not registering their tokens as securities, something significant has been overlooked.

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