U.S. Securities and Exchange Commission

he SEC shook the blockchain community last week when it issued a report ruling that the $50 million worth of tokens that were stolen last summer as part of a hack on the DAO were securities and should’ve been registered with the SEC. The DAO was a decentralized platform for investing in Ethereum-focused startups that was essentially an early version of the now popular Initial Coin Offerings. The report will likely slow the pace of new ICOs, as fledging company’s comprising a couple of ambitious engineers figure out how, exactly, to go about registering their projects.

Bitcoin Fork, Hyped ICOs – Immutable Gold and Silver

In groundbreaking news for the blockchain community, moments ago the SEC issued a press release, referencing an investor bulletin on Initial Coin Offerings, which concluded that DAO Tokens, a Digital Asset, are securities for regulatory purposes, and cautioned that US Securities law "may" apply to offers, sales and trading of interested in virtual organization, targeting the increasingly more popular Initial Coin Offerings.

Authored by Sumit Roy via ETF.com,

Bitcoin is flying. Prices for the digital currency briefly topped $2,800 in May, the latest milestone in what's become a parabolic move higher. Consider these figures: In the past month, bitcoin is up 68%; year-to-date, it's up 154%; over the past year, it's up 350%; and over the past two years, it's up 973%.

Earlier this month we were somewhat surprised when the SEC blatantly ignored numerous complaints and approved a request to trade new quadruple-leveraged exchange-traded funds, the so-called ForceShares Daily 4X US Market Futures Long and Short Funds, the first such products of their kind.