Ian Foley

Ian Foley

Ian Foley is a cartoonist, writer, serial entrepreneur and investor focused on enterprise software. Living in Silicon Valley, he has founded or led sales at four startups, all at the forefront of new data technologies.

May 28, 2019

Cartoon: Driving Sheep

  1. Bitcoin News › 
  2. Regulation › 
  3. Cartoon: Driving Sheep
Sign up for the Newsletter

Industry regulators are finally catching up with blockchain companies that have dubiously defined their tokens as "utilities" (therefore avoiding the strict issuing and management requirements of "securities"). The U.S. Securities and Exchange Commission has publicly brought a number of enforcement actions against over 20 such companies and individuals, which is encouraging the rest of the blockchain industry to step back into line.