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The future for ICOs and the token market is bright, but undoubtedly more oversight is needed.
Digital token sales have gone on for years without much oversight, but in 2017 the market exploded, drawing the attention of policymakers, who are now scrambling to figure out how to regulate it.
Dollar deposits converted into tokens will be held in U.S. banks subject to oversight and regulation by the Federal Deposit Insurance Corporation, providing assurances and protections not available for other stablecoins currently on the market.
In 2007, Nancy Pelosi, the House speaker, made a token gesture toward rationalizing the system by creating a select intelligence oversight panel.
Initial funding for the projects isn't dependent on offering tokens to the public and thus doesn't require significant regulatory oversight.
That represents a huge opportunity for a company like Coinbase, particularly as more startups submit to regulatory oversight and, as a result, produce what are called "security" tokens.
My token!
Resisting oversight.
Token Reminder Q.
I am a token.
Risk Oversight.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com