SEC Commissioner says ‘safe harbor’ laws would’ve made ICO problems worse By Cointelegraph
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Caroline Crenshaw, a commissioner at the U.S. Securities and Exchange Commission (SEC) has said the “safe harbor” proposal would have exacerbated the problems seen during the initial coin offering (ICO) boom of 2017 and 2018.
Crenshaw made the remarks during the annual “SEC Speaks” event this month, and posted her speech to the SEC website on Oct. 12. According to the Commissioner,Impact on InvestorsIf safe harbor provisions had been in place when the crisis occurred, markets and profits would have been much greater.
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