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In an effort to get ahead of the next round of scams, the US Securities and Exchange Commission (SEC) created and published its own version of an initial coin offering (ICO) scam website. It’s a rather innovative way at approaching investor education in the brave new world of cryptocurrency.

And it is also more than ironic how “on it” the SEC has been when it comes to crypto and all things ICO. Enforcement subpoenas are flying all around the United States in search of the next conviction. Ironic, because, of course, so little, comparatively, has been done similarly with regard to mainstream financial scams: The Great Recession is probably a perfect example. Crypto, while often ‘poo-poo’d’ as largely irrelevant and no threat, does appear to occupy more and more time and space in SEC moves.


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