The report talks about the state of where the regulatory status of ICOs and cryptocoins or as they mentioned private currencies. I expected the US to start having a hard stance against ICOs but I was shocked to see that they appear to be the most confused country in how to go forward and how to give legal clarity. They might probably become the most unwelcoming, but we have not seen any legal steps taken against ICOs.
The U.S. meanwhile was described as having an "alphabet soup of regulators" that makes issuing tokens more complex. Then there's also the individual 50 states that implement their own rules, such as the so called "BitLicense" in New York, and Delaware, the "home of American incorporation", which has introduced a variety of blockchain-related legislation.
Sokolin told CoinDesk that the complex regulatory environment in the U.S. means less experimentation is ongoing domestically:
"You see a bunch of countries working on passporting between these fintech sandboxes, where you can experiment and try things out. In the U.S., there's an OCC fintech charter, but it's for banks and it's not yet implemented."Read the full story http://www.coindesk.com/state-ico-regulation-new-report-outlines-legal-status-6-nations/
