Last Year, SEC Approved Almost 300 ICOs, Which Collected More Than $8 Billion
Last year, the US securities and exchange commission (SEC) approved 287 ICO campaigns available only to accredited investors.
All these ICO-projects used the so-called D-form, which greatly simplifies the registration procedure in the SEC. Most importantly, only accredited investors, with net assets of more than $1 million, are allowed to participate in such tokebsales. This category includes investors whose annual income excess $200 million, and firms with assets of more than $5 million.
It is noteworthy that the D-form does not need to be registered in advance — it can be issued within 15 days after the first sale of assets.
Analysts counted $8.7 billion collected in 2018 based on the results of such tokens. In 2017, there were only 44 such tokensales, which collected $2.1 billion.