According to speakers at CoinDesk’s Consensus: Invest yesterday, the ICO community is in need of more self-regulation to better prepare increasing regulations.
According to the CEO at Input Output and former CEO of the Ethereum project, Charles Hoskinson, a crackdown on ICO activities in the US is inevitable and might come as soon as within the next 12 months.
As a response to this potential scrutiny, more self-regulation and self-policing of the ICO community was proposed by co-founder and chairman of Bloq, Matthew Roszak.
“There is a lot of froth and crappy ICOs out there. We as a community need to put our best foot forward to say ‘Let’s start thinking about frameworks for best practices and self-regulate ourselves.'” he said.