Effective as of Tuesday, ICO portals cannot offer tokens from digital token issuers when there is a conflict of interest, the SEC said in a statement yesterday.
The Securities and Exchange Commission (SEC) has issued regulations governing digital token offering service providers (ICO portals), prohibiting them from acting as an ICO portal for digital token issuers that have conflicts of interest.
At a meeting in June 2022, the SEC approved the principle of revising the regulations for ICO portals and related digital token offerings to make supervision more appropriate and provide standards comparable to those of financial advisors in case there were conflicts of interest.
The SEC opened a hearing for opinions on the principles…
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