Major cryptocurrency exchanges could fall victim to US regulators for failing to register in order to offer ICO tokens.
“I’m sad to say that I think we will see one or more exchanges get hit by a fairly significant S.E.C. enforcement,” Emma Channing, general counsel at Argon Group told the publication.
Argon is specifically geared to help ICO startups raise capital, and with significant exposure to any regulatory decisions, Channing is notably more on edge than others who have responded to last month’s SEC report.
“The broader detail and the silences in the report should give many people pause and that doesn’t seem to have happened yet,” she said. “I don’t understand why everyone isn’t as concerned as I am.”
The US organization indicated any exchange serving tokens to US customers should be registered. As none are, the implication is that even the most well-known exchanges could soon face consequences and prices could suffer due to lack of liquidity.
The mood at Argon is notably more nervous than that of industry startups such as KICKICO. An ICO hosting and outsourcing platform, it is confident regulatory shifts will not serve to unravel the industry, including its own forthcoming token sale.
You may be interested
Experts Debate Crypto’s Future and Discuss Use Cases at BlockShow Americas 2018Brian Evans - Aug 22, 2018
Blockchain experts and professionals discuss crypto and blockchain usage in e-commerce, real estate, entertainment, and other fields, on the second day of BlockShow Americas 2018
BlockShow Panelists Argue About Bitcoin’s Decentralization, Blockchain Pros and ConsBrian Evans - Aug 22, 2018
Nouriel Roubini has triggered a wave of discussion on Bitcoin’s decentralization by stating that blockchain has “zero” to do with fintech issues during a panel at BlockShow…
Newsflash: Bitcoin Price Spikes Near $6,900 as BitMEX Goes OfflineBrian Evans - Aug 22, 2018
The bitcoin price took a major leap on Wednesday morning, spiking nearly $300 in less than a minute to break out of what had been two days…