A form of blockchain fundraising called an Initial Coin Offering (ICO) has existed since July 2013. Over the last two years, the ICO model has been used by hundreds of organizations to raise more than $3 billion USD. Government agencies are now analyzing the securities implications of this non-traditional form of financing, with potential consequences for ICOs that violate securities laws.
"Led by @arthurventures, the round also saw @coventurevc, @DCGco, @BitGo co-founder @bendavenport, @CityBlockCap, King Capital, @PolymathNetwork and @TokenSoftInc participating."
https://t.co/gwtfncBhBL by @nikhileshde