[mgalka]

1. The amounts raised so far are small, a few $100k. That's tiny compared to what ICO lose in hacks.

2. These are not high tech crypto startups, as most ICOs are. This is some guy selling diamonds. The text from the website sounds ridiculous and makes no sense.

> "By acquiring at least 1 DRC you will claim the membership in the exclusive Diamond Reserve Club (DRC) with privileges such as access to the blockchain transactional databases"

A non-event for ICOs

[austenallred]

The SEC deciding that coins fall within its jurisdiction is anything but a non-event. They’re picking lowest hanging fruit, but it shows they’re willing to regulate the space.

[cma]

https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_co...