Prepare For A New Wave Of ICOs From Wall Street
In 2017, Wall Street called ICOs scams. Now, they’re sponsoring ICOs. What gives?
This is the sixth in a series of articles sharing my thoughts about the entry of traditional finance into cryptocurrency markets. See the previous articles on this page.
Did you hear?
Blockstack’s ICO raised $23 million, including $15.5 million through the first-ever U.S.-approved public token sale.
With YouNow following in its footsteps, you can expect more blockchain businesses to follow the path to U.S. regulatory approval.
Tokens for dollars — no bitcoin needed.
After years of failed attempts, companies can finally raise money for new cryptocurrency projects that comply with U.S. laws. And when you buy those cryptocurrencies, you won’t risk your investments getting rekt by lawsuits.
This may seem like a boring, insignificant event, but it could change the nature of cryptocurrency in ways we can’t imagine. It’s also one more reason Binance’s move to the U.S. is so brilliant — and much more consequential than…
