ICO Coin Offerings Receive Qualified Endorsement from Securities and Exchange Commission

"I believe that initial coin offerings – whether they represent offerings of securities or not – can be effective ways for entrepreneurs and others to raise funding, including for innovative projects.  However, any such activity that involves an offering of securities must be accompanied by the important disclosures, processes and other investor protections that our securities laws require."

So wrote Securities and Exchange Commission Jay Clayton in an official statement in December, 2017.