$50 Million: Blockstack Files for 1st Ever SEC-Approved Crypto Token Sale

[Lmaooo]

Blockstack, a firm that’s working on offering a decentralized, tokenized computing network (to facilitate decentralized applications) has applied with the SEC to provide a $50 million token sale later this year. If approved, the company would be the first in the blockchain industry to use the SEC’s Regulation A+ framework.

They are among the first to seek SEC approval before doing anything, although we heard earlier this week about a small private airline that received a tacit “go-ahead” from the SEC with severe limitations.

Blockstack has chosen to go an alternative route, in which they’ll be able to offer full-blown security tokens to investors. According to a press release we’ve received, Blockstack has already been used to create over 80 applications.

CCN | https://www.ccn.com/newsflash-50-million-blockstack-files-for-1st-ever-sec-approved-crypto-token-sale

[futile-resistance]

Wow, this is a very new and good development, it is a very good thing that the SEC are very interested in the funds of their citizens, because we have seen and experience a lot of scam in the ICO  space and something needs to be done about it to solve this problem that have been the greatest issue we are facing in the crypto space, though the SEC coming into the project is a very big issue because they will find a way to control the crypto market which is something we don't want to happen since the market is a free market.

[Bttzed03]

I don't have high hope for this but it will be interesting to see how the SEC will classify this one if approved, will it be classified as an ICO?