Start-ups have raised more than $3 billion this year from investors through coin offerings. has brought one case against a small fraudulent coin offering. Mr. Grundfest said that he would welcome this, but that he did not think it should have taken this long. Mr. Grundfest said he thought that the concept of a coin offering could be a useful innovation for certain types of fund-raising. But he said almost none of the projects currently raising money through coin offerings had a need for the novel structure.

Source: New York Times November 26, 2017 20:03 UTC