Skip to Content

SEC Files First ICO Enforcement Action

Carlton Fields attorneys David W. Adams and Edmund J. Zaharewicz authored an article in the Los Angeles Daily Journal entitled, “SEC Files First ICO Enforcement Action.” The article discusses why federal government regulators are taking steps to assert their jurisdiction and curb abuses related to initial coin offerings (ICOs) in the growing field of digital currencies that utilize blockchain technology.

They wrote, “It is in the best interest of any individual or company considering an ICO or investments in similar offerings to realize that the blockchain doesn’t exempt anyone from the federal securities laws and that, in addition to such laws, other state or federal laws may also apply to the particular transaction.”

Read the full article.


The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.