Regulation surrounding both initial coin offerings (ICOs) and general cryptocurrency guidance by country remains hazy as regional trade practices continue to warrant scrutiny. Indeed, the US’s Securities and Exchange Commission (SEC) yesterday reiterated that it’s aiming to protect investors from fraudulent ICO fundraising. SEC Commissioner Robert Jackson told CNBC, ”Investors are having a hard time telling the difference between investments and fraud…. Right now we are focused on protecting investors who are getting hurt in this market.”

Just last week, during testimony before the US Congress, SEC Chairman Jay Clayton said cryptocurrencies such as