Feb 28, 2018

SEC reportedly subpoenas companies and advisers over ICOs

llustration: Rebecca Zisser / Axios 

The U.S. Securities and Exchange Commission has issued subpoenas and information requests to "scores" of companies and advisors involved with initial coin offerings (ICOs) and digital token sales, according to the Wall Street Journal.

Why this matters: After a series of warnings and a handful of enforcement actions against companies violating securities laws or committing fraud, the SEC is getting more aggressive in cracking down on the market. Last month, SEC Chairman Jay Clayton expressed concerns over securities lawyers giving misleading advice about token sales, suggesting that the commission could direct its enforcement efforts against them as well.

Go deeper: Clayton talks about ICOs at Stanford University.

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The megatrends that will shape the 21st century

Illustration: Eniola Odetunde/Axios

An enormous amount of change has been crammed into the first two decades of the 21st century — but what’s coming next will break every speed record.

The big picture: The world is being buffeted by rapid yet uneven advances in technology that will revamp work and what it means to be human. At the same time, fundamental demographic changes will alter democracies and autocracies alike while the effects of climate change accumulate, physically redrawing our globe.

Trump gets "woke" in 15-city campaign to court black voters

The Trump campaign is leaning into its effort to woo African American voters, opening "Black Voices for Trump" offices across six swing states, the campaign says.

Why it matters: "Woke" stickers, "Black Voices for Trump" T-shirts and other branded swag are part of this storefront approach as the campaign ramps up its efforts to erode Democrats' lock on this key demographic.

House passes bill to make lynching a federal hate crime

Photo: Aaron P. Bauer-Griffin/GC Images via Getty Images

The House voted 410-4 on Wednesday to pass legislation to designate lynching as a federal hate crime.

Why it matters: Congress has tried and failed for over 100 years to pass measures to make lynching a federal crime.