- 08 Jul, 2018
Crowdfunding empowers the crowd and here is the real problem. The U.S. doesn’t want to dilute the power and authority held with the SEC. ICO’s are a free market economy without a single regulator. Many government across the world have embraced new capital markets and started to build new services around it. Blockchain provides for socially responsible and progressive business models supporting supply chain, music and entertainment, renewable energy and information technology industries.
Initial coin offering allows people to raise capital from the public without convincing VC investors to invest in business, and pay huge fees and charges to the banks. Global volumes of crypt market has crossed $ 1 billion and still soaring. The number of user’s are also increasing beyond the thresholds. With the giant banking institutions such as Goldman Sachs, Morgan Stanley and JP Morgan pulling themselves on the blockchain track and successful crypto crowd crowdfunding models manifested by rise of Bitcoin, Ethereum and Litecoin the ICO market is likely to explode without the Americans witnessing this change.