Protostarr Shutters Because of SEC Concerns

Announcements, Blockchain, ICO News, Investing, News, Regulation | August 29, 2017 By:

Virginia-based Protostarr is shutting down operations and refunding money collected from its August 13 crowdsale after notice from the US Securities and Exchange Commission. The service planned to allow investors to fund rising stars on video outlet YouTube and gamer site Twitch.

The move is the latest action by the SEC as it increasingly focuses on initial coin offerings and cryptocurrency issues.