According to bitcoinist news, ICO is not responsible for any authority, which means there is a possibility of fraud. According to Fox, this is a problem that the Securities and Exchange Commission (SEC) is actively fighting. In fact, recent moves by regulators may affect dozens of encryption-related platforms, the most notable of which is ICO. Although Jay Clayton, chairman of the U.S. Securities Exchange, has only taken action in 9 crypto fraud cases, informed sources disclosed that the SEC is actively conducting dozens of investigations. If this is true, 2018 may be the year that the SEC takes decisive action against a large number of fraudsters.