US tech companies will begin selling digital token sales via a crowd sale this fall, and the US government is already exploring how to use them for government grants, a Reuters report said on Monday.
The US Securities and Exchange Commission (SEC) is also examining the feasibility of offering a “token swap” for government funding, the report said.
The SEC has not announced its response to the ICOs, Reuters said.
It said it would start soliciting proposals by October and close on the proposals at the end of the year.
It added that the SEC was exploring whether token sales could be used to fund the cost of new technologies that were in the public domain.
In August, the SEC said it had received more than 700 applications for proposals for the first phase of a government-backed ICO.