When you think of the US Securities and Exchange Commission, “fun” isn’t the word that usually comes to mind. That’s especially true when it comes to its approach to initial coin offerings (ICOs), which are increasingly in the agency’s crosshairs for serious enforcement actions.
But this week the watchdog staged a fake ICO to warn investors about the risk of getting duped. Parody is a risky genre for a securities regulator, but the effort was mostly applauded by Redditors and crypto Twitter (which are pretty tough crowds).
via The SEC’s ICO parody site for “HoweyCoins” is both funny and frightening — Quartz.
