Too Long; Didn't Read
An increasing amount of scams involving Ethereum tokens and initial coin offerings (ICO’s) on other platforms has surfaced. Far more scams are yet to be uncovered. In this article, I argue that the problems we see in crypto today are caused by moral hazards, and that law is a possible solution. However, the manner in which regulation is implemented is crucial, as law should not be (too much of) a burden to innovation.