# SEC scuppers ShipChain’s $27M ICO and fines the firm its last $2M
“# SEC scuppers ShipChain’s $27M ICO and fines the firm its last $2M ” The Securities and Exchange Commission sinks the firm behind another initial coin offering. Per a Dec. 21 cease and desist order, the SEC has determined that ShipChain’s ICO for its SHIP Tokens was another example of an unregistered securities offering in…