. But according to a new list, only nine have attained some kind of registration with the agency. They've had mixed results afterward.It is not known how many others have tried to register and failed, or simply gave up on the process. But according to at least one that succeeded, the system is in need of improvement.
"The SEC needs to make a more friendly environment for people trying to adhere to the law," Alan Silbert, the North America CEO for crypto exchange INX, saidGiven the mixed track record of the few that have registered, the rewards to this point haven't opened the floodgate for others to apply. Quick take: Founders aren't going to want to follow the rules if it doesn't also engender companies' survival.
SECGov I know the entire crypto community doesn't want to hear this, but ICOs should either be banned or extremely limited after a long process of vetting. furthermore, all coins need to be industry-specific and publically-adopted as a financial trade instrument.