Regulation «ICOs represent the most pervasive, open and notorious violation of
federal securities laws since the Code of Hammurabi,» an outraged former commissioner of the Securities and Exchange Commission (SEC) told the New York Times in a
The Breitmans have been being accused of violating
federal securities laws and defrauding their ICO's contributors,
since they have yet to launch their proposed smart contracts network, and allegedly selling unregistered
securities, in the form of their unreleased native «tezzies» token, to contributors.