Only days after America\'s SEC Chairman, Jay Clayton, told an audience at Northwestern School of Law that lawyers should not be \"dabbling\' in ICOs and Blockchain, a former CIA lawyer pops up, doing just that. Russell Bruemmer, formerly employed both by the CIA and the FBI\'s Congressional Affairs Unit, has been appointed as advisor to a Blockchain start-up company called APL (Applied Philosophy Labs).

Despite the Blockchain ecosystem so far having no formal regulatory framework, Bruemmer is apparently going to help APL and similar ventures to construct compliant ICOs. He will use existing frameworks to determine whether or not tokens issued in Initial Coin Offerings comprise a recognised security. The Securities and Exchange Commission have not so far decided that themselves, and are looking to crack down on ICOs. Nonetheless, now Bruemmer has officially retired, he is going to undertake just such advice.

APL founder David Levine thought he would be a good fit, and Bruemmer has so far instigated a network of companies under APL’s umbrella to issue cryptocurrency tokens. These will be regulated via corporate governance structures that are SEC compliant. APL has launched a solar power blockchain project in this fashion, called Indeco, which has already raised pre-ICO funds of $100,000, of an expected total $50m investment.

However, Levine\'s previous company, Geostellar, with its less than stellar performance history, is to be Indeco\'s first customer.