The SEC Orders ICO to pay back investment

In what is being called by the SEC a “template” to deal with ICO securities violations, an ICO is being ordered to pay back investors. This decision template is expected to include up to 95% of initial coin offerings from the bull market of 2017.

The news is unlikely to be well received by the markets which are already on shaky ground after the steep fall in prices on November 15th with Bitcoin falling almost $1000 in value within a matter of hours.