The messaging startup agreed to return the funds to settle charges that its digital asset offering was an unregistered sale of securities.
“The SEC isn’t playing around. It's time these [ICO] companies recognize this.”
Many companies should consider blockchains because they coordinate information, processes, and payments without a central intermediary, says EY.
The SEC says David Laurance used misleading marketing materials to try to raise $5 million by selling "Tomahawkcoins."
