SEC clampdown on ICO rating website

ICO rating website called ICOrating.com has come under the radar of the US securities and exchange commission (SEC) for failing to divulge the actual revenue generated from paid ICO reviews. SEC’s rigorous clampdown on ICO’s has generated a feeling of perturbation among the crypto community as the US regulators are in no mood to cut them slack when it comes to breach of their anti-touting policy. Without accepting or denying SEC’s charges of covertly recompensing for touting projects it rated, the Russian rating agency has agreed to a massive fine amount of over two hundred and sixty thousand dollars ($268,998).