The SEC is throwing a damper on ethereum madness

The Securities and Exchange Commission is taking an interest in the hottest craze in cryptocurrency, the initial coin offering (ICO), and apparently the SEC is not into the hype. The commission published a report on Tuesday advising that ICOs, or token sales, are subject to securities laws. It concluded that a certain multimillion-dollar ICO last year — the first of its kind — violated securities law.An ICO — an acronym that intentionally mirrors “IPO” — is a