Expect the SEC to Target More Token Exchanges After EtherDelta
The Securities and Exchange Commission's (SEC) settlement with the founder of EtherDelta is likely the first of many enforcement actions to come against crypto token exchanges.
Until recently, the SEC's scrutiny of the cryptocurrency industry largely focused on projects and teams that raised money through initial coin offerings (ICOs) in possible violation of securities laws. But a person familiar with the SEC's thinking told CoinDesk Thursday that crypto trading platforms have become a significant priority for the agency's enforcement division.
This story originally appeared on CoinDesk, the global leader in blockchain technology news and publisher of the Bitcoin Price Index.