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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Urban Crypto on July 25, 2017, 08:54:33 AM



Title: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: Urban Crypto on July 25, 2017, 08:54:33 AM
https://urbancrypto.com/wp-content/uploads/2017/07/sec.jpgAs you know most ICOs are not available to US citizens as they may be considered Securities and then subject to SEC registration and regulation. Here in this post, I give my thoughts on the issue and if the Howdy Rule, which helped define the meaning of securities applies.

https://urbancrypto.com/ico-tokens-the-sec-are-tokens-considered-securities/

Thoughts?


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: Spoetnik on July 25, 2017, 09:12:57 AM
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf
I posted that here when it came out long ago..

http://i65.tinypic.com/35d2536.jpg

So you did all this crypto shit.. then asked ?
Shouldn't you have done your due diligence before hand ? LOL


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: Urban Crypto on July 25, 2017, 09:14:55 AM
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf
I posted that here when it came out long ago..

http://i65.tinypic.com/35d2536.jpg

So you did all this crypto shit.. then asked ?
Shouldn't you have done your due diligence before hand ? LOL
I did all this shit?  Don't understand what you mean.


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: Urban Crypto on July 25, 2017, 09:39:31 AM
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf
I posted that here when it came out long ago..

http://i65.tinypic.com/35d2536.jpg

So you did all this crypto shit.. then asked ?
Shouldn't you have done your due diligence before hand ? LOL
link to complete article please, I would like to read


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: Spoetnik on July 25, 2017, 09:46:31 AM
One way to find out right ?
And yeah the link was in there ;)
Oh and if staff catch you posting back to back they will ban you.
You might want to delete your replies and condense them down to 1 post.
None of us are immune to that rule.


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: Urban Crypto on July 26, 2017, 10:17:50 AM
The SEC made a ruling that the DAO was a security.

I think there is a distinction between different types of tokens.

Have a look and let me know what you think.

https://urbancrypto.com/the-sec-ruling-on-dao-token-and-ico-offerings-where-they-may-be-wrong/


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: TheLuckyBastard on July 26, 2017, 11:50:57 AM
Nothing is really clear until we see the first court decision on a similar case.


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: vinipoars on July 26, 2017, 12:08:27 PM
"Developers, businesses, and individuals increasingly are using initial coin offerings, also called ICOs or token sales, to raise capital.  These activities may provide fair and lawful investment opportunities.  However, new technologies and financial products, such as those associated with ICOs, can be used improperly to entice investors with the promise of high returns in a new investment space. The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to make investors aware of potential risks of participating in ICOs."

https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-initial-coin-offerings (https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-initial-coin-offerings)



Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: btcdepo on July 26, 2017, 12:09:56 PM
Nothing is really clear until we see the first court decision on a similar case.

Everything is vague till a similar case.


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: 3DesTeam on July 26, 2017, 01:35:34 PM
Crypto isn't only USA.
So, I think 90% of ICO will ignore this rules. But we have some risks with unregistered tokens listings on some exchanges in USA jurisdiction.
This law regulation will create problems not only for organisators, but for investors too (financial accounting, taxes, problems for some categories of investors). For organisators ICO preparing will be more expensive and longer.
But we have a nice decision to avoid all of it - decentralized exchanges. What do you think?


Title: Re: ICO Tokens & the SEC: Are Tokens Considered Securities?
Post by: whatluke on March 22, 2018, 01:33:12 PM
There are exemptions to SEC registration requirements based on where you are selling, income/ asset restrictions and more, so it really depends on your project specifications. When in doubt, ask your lawyers!
Issuing An ICO In The US? Here are our learnings https://medium.com/property_coin/issuing-an-ico-in-the-us-one-companys-experience-aeca56d6444d