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December 17, 2017 02:00 pm GMT
The ICO regulators are here, and they’re carrying big sticks. (PDF) “Coins or other digital assets issued on a blockchain may be securities under the federal securities laws… tokens were securities as defined by Section 2(a)(1) of the Securities Act because they were investment contracts … An investment contract is an investment of money in a common enterprise with… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Y77XssorZEg/
ICO-lateral damage
The ICO regulators are here, and they’re carrying big sticks. (PDF) “Coins or other digital assets issued on a blockchain may be securities under the federal securities laws… tokens were securities as defined by Section 2(a)(1) of the Securities Act because they were investment contracts … An investment contract is an investment of money in a common enterprise with… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Y77XssorZEg/
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