SEC has reportedly unleashed another ICO fraud by bringing a lawsuit against the twenty-seven-year-old CEO of Fantasy Market, an adult marketplace operated online. While on the one hand, organizations and individuals turn to initial coin offerings (ICOs) as a way to raise easy money for their projects or participate in new investment opportunities, on the other, the United States’ Securities and Exchange Commission (SEC) continues to look for ways to intimidate the once proliferating ICO landscape. At the core of SEC’s clampdown on ICOs is its argument that the token sales are in fact, securities offerings and therefore, must be
