ICOs at the End of 2017: What We Think We Know and What We Don't Know | Alert by

[jules-jules]

Link: https://www.wsgr.com/WSGR/Display.aspx?SectionName=publications/PDFSearch/wsgralert-initial-coin-offerings-1017.htm

Highlights:

 > Some tokens are and always will be securities. Tokens that offer holders dividends, interest, or profit or revenue participations, for example, generally are securities.

 > Tokens that are solely utility tokens should not be securities.

 > Simple Agreements for Future Tokens (SAFTs), as used today, almost always are securities.