In the American setting, the SEC and CFTC hearing in February provided a lifeline for cryptocurrencies and ICOs, promising to create regulatory frameworks that would nurture the developing market.

The United States Securities and Exchange Commission today announced it charged a registered municipal advisor and its owner with defrauding a south Texas school district in connection with multiple municipal bond offerings.

On the other hand, the SEC has got the permission from the New York’s eastern district court to constrain Dominic Lacroix to answer for the PlexCoin scam, a so-called ICO that managed to run off with $15 million in investor money.

A months-long saga’s still sparks as the SEC continues to attempt to prosecute two individuals—Dominic Lacroix and Sabrina Paradis-Royer—for misleading investors into purchasing tokens with the promise of outlandish returns.

The duos are ordered by a Canadian court in Quebec to cease their activities. They replied by shutting down their website in Canada and moving their operations to the United States.