The US SEC approved the first ICO in accordance with Regulation A +

The US Securities and Exchange Commission (SEC) has nodded its approval for the Start-up Blockchain Blockstack to launch an $ 28 million ICO sale under Regulation A +. The SEC always keeps a strict attitude toward the ICO. In particular, the latest is the dispute with Kik messaging platform about ICO worth 100 million USD. However, according to the regulations of Regulation A + (Reg A +), the implementation of these ICOs will be "easier" to breathe. Reg A + is a fast way for small companies to publicly raise capital, less hard than required to sell IPOs. However, Muneeb Ali, founder of Blockstack, shared that the process is still very long and costly because the SEC must devise a completely new protocol for ICO services under Reg A +. This is the previous thing the management agency has never done. Recent poor performance projects and fears of cheating around some ICOs under Reg A + have frustrated Nasdaq and the New York Stock Exchange (NYSE). Against this backdrop, t...