According to CCN, Stephanie Avakian, co-director of the US Securities and Exchange Commission (SEC) law enforcement department, mentioned on September 20 that in the future, regulators are most likely to recommend that they fail to comply with appropriate ICO registration requirements. People propose "more substantial remedies." Avarkian pointed out that ICO's market "boom" can mask the reality of its "high-risk investment" because these ICOs may lack viable products, flawed business models, or just "outright fraud." According to Avarkian, the US Securities and Exchange Commission is trying to understand how to deal with non-fraudulent ICO registration cases. The agency wants to identify effective ways to raise funds while still ensuring that investors can enjoy existing legal protection
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