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The SEC ruling that tokens can be regulated as securities has not inhibited plans for new ICOs. 20 new ICOs have already been announced since the SEC's decision, with more than 120 scheduled to launch this year.
Representatives of Rivetz and ICOBox, which plan to launch tokens over the next few weeks, told Reuters they are pushing through with their offerings. During an ICO, contributors typically send digital currencies like Bitcoin and receive new tokens in return. Those tokens are then listed on cryptocurrency exchanges where they can be traded for other types of tokens. (reut.rs/2sFKLAm) Even as some ICOs have been criticized for failing to disclose information about underlying businesses and the way tokens are distributed, the frenzy surrounding the events has drawn backing from prominent venture capitalists and celebrities.
https://www.reuters.com/article/sec-blockchain-tokens-idINKBN1AD0EZ
