In July’2017, as per the SEC’s report of investigation pursuant to section 21(a) of the Securities Exchange Act of 1934: The DAO, Slock.it UG (“Slock.it”), a German corporation; Slock.it’s co-founders; and intermediaries may have violated the federal securities laws. Ever since then, the US SEC seemed extra cautious and diplomatic in framing regulatory framework since the regulatory authority admonished forewarning to the investors of blockchain projects raising funds through ICOs.

Zach Fallon, a former SEC lawyer, the Principal at blockchain law firm Blakemore Fallon & Co-founder of Ketsal Consulting is playing a role as a trailblazer on regulatory compliance into the digital assets.

The Securities and Exchange Commission (SEC) cites that all Initial Coin Offerings (ICOs) should be regulated as securities but when asked if they will ban or regulate the market, an SEC commissioner made it clear he was not suggesting either option. Instead, the focus is on protecting investors from fraudulent investments.

The most important take away from the past year should be a market-wide appreciation for the fact that the SEC is not going to abdicate its regulatory responsibilities in light of recent technological advancements or the investment opportunities they present. Nor should it.

This means that the market will now enter into a phase of compliance where securities laws issues and other regulatory concerns are baked into digital asset business models from the get-go, as opposed to grafted in post hoc. And, once regulatory issues are addressed, the potential for distributed ledger technology and any related digital asset will finally begin to be realized.

The Set-up includes a troop of attorneys from the top law firms and Zachary Fallon, a former senior special counsel at the U.S. Securities and Exchange Commission (SEC) a division of corporation finance, Ketsal Consulting and Blakemore Fallon will provide authoritative advice on building compliance-focused business models at a time when the blockchain industry faces conflicting direction from international regulatory bodies and shifting legal sentiments.