Bitcoin Forum

SEC ICO REGulation is just release, and all the tokens will be securities, better to kiss good bye and stop all your ICO scams  ;) ;D

https://www.sec.gov/news/press-release/2017-131

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

https://www.sec.gov/litigation/investreport/34-81207.pdf

LOL SEC
LOL USA

who cares about them?

the world is not the USA

ROFLCOPTER

You must try to understand what are you talking about. Sec is about USA as already said above me. The SEC able to prevent the USA's civilians from joining in the ico. I mean if you see that these Icos are preventing the Us civilians to join in the ico. I think the ico already known about the SEC.   ???

The only affected icos are those scam icos who does not really have a real project and intends to run with the accumulated funds. I think that is a good move because there are lots of uninformed investors in icos who throw their money in any ico that comes their way. investors really needed to be educated in dealing with icos.

Long term this is probably really good for crypto. Love the panic sentiment though, it's hilarious to me that every time someone farts, the whole crypto community goes in panic doom oh no everything is rekt mode. Learn to chill, people.

So to be clear... they define that some ICO's may be considered securities.  Not all of them. 

There are a lot of variables involved here to be considered a security including the token usage, marketing, and more. 

With that being said, I've seen a lot of ICO's state that they guarantee a return on investment, are an investment vehicle, have a dividend, etc.  In those cases, it's definitely considered a security and will be administered by the SEC.  Even if you don't include US citizens in ICO, your company and token can be administered by the SEC if it's listed on any exchange. 

I'm really glad that they did this.  It will really crack down on ICO scams and the utility of the actual blockchain versus fake companies and token that don't have value.

That's true, but for those of us who live in the states it definitely makes a difference.  Honestly, I can't stand most of these projects anyway.
And did you really think governments weren't going to start regulating this space?  C'mon, it was just a matter of time. 
But yeah most of these ICOs are not from the US.  Russia and China, mostly, correct?  They'll still keep coming, but they won't be bought by Americans.  No loss.

This is a further proof that the regulation is finally here. In as much as this is good news in other go determine the potency of ICOs, it will also come with series of downward activities in the ICOs market even for a working project which cannot keep up with the rigour of registration with SEC. Also, I see this as a further exclusion of US citizens from ICOs in the coming days to avoid being on the wrong side of this .

Nothing new in those links. US citizens can't contribute any ICO and this was already on. SEC can't take decissions to control the rest of the World population.

Well that escalated quickly. We kinda suspected it was gonna happen sooner rather than later.

But then again, how will they be able to prove investment or ownership into / of a certain token?

SEC only USA land
and i think if outside USA SEC can't anything
and all ICO this now not accepted USA people
same with LR(liberty reserve) , LR office and LR owner from USA so can close, difference with PM(perfect money) because out side and USA people can't join so SEC can't close PM

Awesome news!!!!  ;D

Regulators will accept and regulate rather than ban.

This will pave the way for widespread adoption and takeup!

These were the good ones ;D The rest are frauds that made people think the gift they made when they bought coins were investments. Those are in much more trouble

Must be a shit feeling for SEC not having control of anything they want

"About the SEC

The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust."

Honestly, I don't care about the public's trust. The public is mostly clueless anyways and can't be protected from its ignorance. Savvy investors already know what they are getting themselves into before they place any "bets", and anyone who doesn't is just a gambler who can't be protected by anyone.

The vagueness is what should worry everyone. All ICOs should take this as a warning to be compliant if they have a real project and the rest of the projects that are scams should stop.

Exchanges based in the USA should also start delisting the tokens that they know are scams or else they can be shut down too.

I think ICOs with utility rights tokens will survive.
DOA was clear securities offering.

That's right! The same SEC who failed to uncover the Bernie Madoff ponzi scheme until it blew up! Good job SEC!

No doubt that some ICOs will survive and bring good profit to the owner and investors, but only the demand will decide which one exactly will.

Like it was already said, most ICOs had a "No US citizens" clause in it already, but due to the nature of cryptos it is easy and safe enough to get around that as a US citizen if you know what you are doing.

If anything, this could eventually stop some ICO scams down the road. Hopefully it won't impact the market in a big negative way, because although the news might seem scary, they're not so much at all once you read about it and understand it. And there's plenty of investors and funding outside of US, so we should be fine going forward.

So there will be regulation from the people from US to invest or start a new project and collect funds but that does not mean these ICO will stop anytime soon,even now some of the projects does not collect money from the people of US,so is this a surprising thing.

Exactly. Every single ICO I've looked in recently stated "No US citizens"
So, nothing new..
I'm not sure what the USA Government is thinking though..

This will not make much difference. Companies that want to run ICO will move to singapore, japan or switzerland and people who want to invest will use VPN's.

Ok now we know this won't stop ICO's, only US citizens won't be included in this.
But how we can be sure in anything when we are anonymous most of our times? I believe this will create even better conditions for ICO's and now they will become more scammy, because they will be lunched form third world countries.. ::)

Very scary when talking about scam, but I think there is no system that set it clearly except from america and china. Many Russian and Ukrainian ico have no obstacles and we never know the purpose is actually good or not.

But I as a monitors can only be neutral and vigilant, in the free market even this anonymous market is still worth doing and only utilize the same trust as other internet business.

Who care about sec,usa is not owner of the world,i think usa will make some  friendly legislation,to many big usa start up is looking for crowdsale opportunity,to big money are on the table.USA tech compnys cant lose that race

If you are an idiot then you will lose money on ICOs no matter if governments try to prevent it, nowadays ICOs are like hot girls

Everyone lose their minds when they see one.

Totally agree. It's not the end of ICOs as OP says  >:( It's the end of scam ICOs. Unfortunately, there are A LOT of scam ICOs  :-\

ICO had proplem! No body know about it! Many info only from they web and they thead or socical network! So big think more Scam may be ! I dont know exacly but really!

True, for good startups it's even better

This will be great for investors and developers. They will avoid many ICO scams as there are many ICO's that do not have specific information to develop. If that happens we can invest safely without worrying much and crypto will rapidly developing

Yeah you're correct. Investors should have enough knowledge to the particular ICO. If they don't have a knowledge and information about the project, for sure there is a possibility that the project is scam. So I prefer to all of us that before we invest, make sure that this project is really promising and real project.

This is already completely irrelevant at this point as many ICOs are only available for non-US residentials. To be able to participate in the ICO, you should agree to their terms which includes you being a 'non-US citizen' and only then will you be able to coins. Not sure how it would go if US residents try using VPN services to buy from ICOs but it would still be a big risk if they do so.

Interesting, I will notice about this .. I am sure ico will be cleaned .. because not a few I heard about ico scam

If the SEC investigates aggressively, I don't think ICOs still alive because in past time have many project scam with huge money. The DAO is subject get attention from SEC, maybe have big change about rules create ICOs crowdsale in future, as stocks.

I strongly agree
Many ICOs lead to fraud without explaining the follow-up on real projects and only spreading the purely profitable dreams that ultimately have to lose a lot of money  ;D ;D ;D

US citizens are not already allowed to participate in most ico, these laws are good for them, they might be more careful with their money.

I think you do not have to blame ico, because of the ico it's a real project, but it all depends on how you look first into it, to make sure it's real or just play. So all that must be viewed first into it before you to invest in it.

If that SEC US Gov can prevent the scammers, hurray! How I wish to see the bitcointalk.org scammers put in jail. Specially the scumbag ICO scammers. I wish all ICO must go screening. I think all BTCTalk mods will also participate by screening and banning all ICO starters without any proof of their business model.

You mean ICO will be regulated and most of the new initial coins offer will be stop or if you did not meat up to the standard your coins will not be listed. I have find out that most of the regulatory agency are control by government and politicians who are almost the same with scamming ICO owners! No different, just the same.

It is jut ICO's from the us and not from other places in the world. maybe it will be a good move for us government to regulate the ICO's there to inform their countrymen about the ICO's projects and aims.

Most of the ICO's are not accepting USA people already.

This was long time issue and many ICO's are currently not accepting US citizen on their crowdfund to avoid those issue and those Sec mentioned cannot stop ICO's since their are so many investors around the globe who are frequently trying their very own lucks on ICO and theirs no way that this one would stop since it is been used by the other business man to make their dream business became successfull.

Guys and girls, please chill... this is directly from the sec.gov website, please read it all before you FUD.

"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."

I read that and think, perfect, the US gov is validating ICOs and SOME tokens, not all, nice.  They just can't be classified as "securities" but this in no way ends the ICOs or crypto movement lol, they are welcoming it! Read the news...

Who cares what the gang bangers over at the SEC say?

Just use a VPN and keep buying.

This is the only bad impression about crypto and new ICO, there are so many scammers and hackers. In stockmarket and forex you will not hear any of these.

It really has a big impact on investors, the Dao is the predecessor of ETH and every project using ETH technology is affected.
You say no one cares, then you probably haven't explored it thoroughly

thanks to SEC, now i can participate in ico easily as someone quit off, and there shall be supervise indeed

I think this is good for us based ICO's, it will be filtered for scams and we are sure that the company set for ICFO's are genuine and legit. Also, the people behind the company is known, we can also background check them. I think this is a good move.

Not really a problem for those ICO's that are legit. Most ICO's are not from USA too. With SEC, we can now easily join investments and bounty campaigns without much worries!

exactly. now you won't be getting scammed by individuals but rather big corporations. lol

Well thanks to us. We are too blame. We threw money like water into ICO just for flipping. Well the biggies took advantage.

SEC already had an investigative report against ICO. This must raise an awareness to everyone. But then SEC is working out to fix any legal pursuit against ICO. Investors just have to be more wise.

Well this News would really worry American citizens who do participate on ICOs which they would really have already restrictions when it comes into these crowdfundings but for joes outside US then this news doesnt really affect at all since its just being implemented on a certain area. We can still experience ICO except those americans out there but im quiet confused why they didnt totally ban it? Theres something behind on it.

I don't see what's the problem about that. ICOs will continue regardless what the says or does.
I also think American users can invest in any ICO they want. How can the SEC control them?

This is good news. They are afraid of crypto, but don't have the means to fight us...

I agree people should read and understand the report.

What the SEC said (paraphrased) was if someone sells a security, even if they call it an ICO, U.S. securities regulations still apply. Here's actual language from the report, "Accordingly, the Commission deems it appropriate and in the public interest to issue this Report in order to stress that the U.S. federal securities law may apply to various activities, including distributed ledger technology, depending on the particular facts and circumstances, without regard to the form of the organization or technology used to effectuate a particular offer or sale."

But what they also said was, "Whether or not a particular transaction involves the offer and sale of a security—regardless of the terminology used—will depend on the facts and circumstances, including the economic realities of the transaction."

The takeaway is if your ICO or token launch is a security then US laws apply. But the SEC clearly states that not all ICOs are securities.

It will be like if ico released later. Is there a change in form of investment?

I agree, there is no need worry unless you are a scammer and leaving in America. Only one thing I'm worried about, most of the whale investors are came from America. I think might give a little impact as well but not too much.

No, the news talking about SEC and ICOs not have rules SEC not agree create ICOs for American. Just need verify and really project when create crowdsale. So, I think in next time in ICOs market we will see more change and not have trash project as now.

The only people who care about the SEC are the SEC and some Americans.

Crypto doesn't care about the SEC.

The SEC probably knows they have no say over the crypto space. That's why their statement probably serves as a deterrent rather than an actual clampdown on ICOs