Just want to get some opinions on this at this point. There are tons of new coins coming onto the market, new ICOs every day. I'm not sure how many of these projects are based in the US.
I suppose there are two flavors of this question:
1. The legality of a new currency or token created by an open-source project run by a foundation in the US.
2. The legality of a new currency or token created by a privately held company un the US.
I notice for example that Veritaseum, a privately held US company, talks about Vertitaseum being a token to purchase services. No insult intended, but is that just a smokescreen for acting like a currency to work around US law?
I wonder if you are running an ICO, and you only accept Ethereum, are you raising actual money, which would then fall under SEC rules, or are we in wild west of unknown territory, and therefore completely unregulated? Seems like you could make a case that Ethereum is not money...
As a programmer/writer/entrepreneur, I'm new to this space, so sorry if these are obvious questions. I find it fascinating and am considering putting a project together...
Also, sorry if this thread is in the wrong category, I tried to delete to find a better fit, but couldn't...
Math is not illegal in America yet not us exchanging money for numbers.
