SEC finally approves cryptocurrency offering, green-lighting Blockstack IEO

SEC finally approves cryptocurrency offering, green-lighting Blockstack token offering

The U.S. Securities and Exchange Commission has finally given a blockchain company the O.K. to sell tokens directly to investors-sort of. The SEC on Wednesday approved blockchain startup Blockstack’s application to raise money via a token offering, the first time it has allowed this type of fundraising in the cryptocurrency industry, according to the Wall Street Journal.