ICOs are Securities: Token Based Offerings Poised for a Rude Awakening as US Regulators May Soon Act
The US Securities and Exchange Commission (SEC) pumped their regulatory brakes on Initial Coin Offerings (ICOs) earlier this year. Pointing to the DAO debacle, the Feds said if a tokenized offering is a security it will be regulated, end of story. This statement was a long… Read More
Read more in: Blockchain & Digital Currency, Featured Headlines, Opinion, Politics, Legal & Regulation, Strategy | Tagged bancor, cftc, commodity futures trading commission, doug ellenoff, ellenoff grossman & schole, howey test, initial coin offering, john gotts, perspective, sec, securities and exchange commission, tezos, tim draper, tokens and exchange self regulatory body