Background
Two months ago, I wrote about PND's being potentially illegal price manipulations because of the SEC determining some ICO's to be security offerings. You can find that here. There was a lot of blowback for that post, particularly in discussion groups on other social media channels.
New Information
Yesterday the SEC press release announced a new task force whose sole purpose seems to be to get a handle on crypto and the illegal things happening in the cryptosphere, including price manipulation like PND's.
What Does This Mean?
This is an indication that we will begin seeing the US government begin to crack down on those who are operating illegally. This is not the end of crypto, just the beginning of a cleaner crypto. We will have to see how it plays out, but it may cause some additional volatility as people try to figure out the long term ramifications of this coming crackdown