CryptoWatch: McAfee bails on ICO promotion after SEC shrugs off crypto scrutiny

Most digital currency prices traded Tuesday back near the breakeven levels reached after the Securities and Exchange Commission last week declared that bitcoin and Ether don’t warrant the regulatory scrutiny that traditional securities are subjected to.

The SEC stance wasn’t enough to keep one notorious initial coin offering proponent — John McAfee — as sure of the alternative crowd funding mechanism as he had been, as the ICO market remains a target of law enforcement.

In Tuesday action, a single bitcoin BTCUSD, +0.55% last changed hands at $6,709.14, down 0.3% since Monday 5 p.m. Eastern Time on the Kraken crypto exchange.

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