The agency has 30 people overseeing crypto projects; however, 12 people will be added to the current team in 2019 in order to accelerate development in the crypto industry.
Crypto companies Bionic Coin, Sybrelabs Ltd and Global Pay Net will receive cease and desist orders from the regulators if they fail to justify their ICOs.
All of the cryptocurrencies are in the red - Ethereum has dropped by 18.39%, Bitcoin by 6.3%, Ripple by 14.73% and Litecoin by 14.89% in the last 24 hours.
The IRS (Internal Revenue Service) believes that crypto bears similarities to property, while the CTFC (Commodity Futures Trading Commission) believes that it is a commodity.