Market Transparency Invitation

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TBI - October 22, 2018

What a year it’s been from idea to execution at Messari.

Weeks before the final stages of the ICO mania, and days before SEC Chairman Jay Clayton opined on the ICO market (“Looking back at enforcement actions, a common theme emerges — where opacity exists, bad behavior tends to follow.”), I wrote this in the Messari genesis post:

“There are neither legal nor social contracts that require fund managers to disclose when they sell stakes in their positions — and there are generally no lock-up periods.

There are neither legal nor social contracts within the industry for influencers or promoters to disclose advisory or personal investment positions within crypto.

There are neither legal nor social contracts that dictate how a new token project should sell its token “treasury” over time, or behave if its founding team defects and leaves a shell entity with $500mm worth of bitcoin and ether on its balance sheet.”