US SEC Cyber Unit Sues PlexCoin Founders for Illicit Cryptocurrency Scheme

Colleagues, the promise of a 13-fold appreciation in one month lies at the core of the US SEC’s lawsuit against PlexCoin co-founders Sabrina Paradis-Royer and Dominic Lacroix. The defendants are charged with an illicit PlexCoin ICO scheme. Although fraudulent ICOs are not a daily occurrence, they are far too common. Moreover, they represent one more reason why the US SEC – and its counterparts abroad – are reluctant to classify cryptocurrencies as legitimate “securities” tradeable on leading stock exchanges. That is why even the most prominent digital assets including Bitcoin, Ethereum, Ripple and the like are confined to crypto only exchanges like BitFinex, Binance and Huobi. Bottom line: We predict that within 24-36 months the US SEC will define and implement a strict framework for regulating cryptocurrencies and allowing only those assets, which meet the most stringent requirements bona fide “securities” status. As we continuously stress crypto investors must perform their due diligence and are urged to stay with proven currencies traded on legitimate exchanges. Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)