dranster (OP)
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July 25, 2017, 10:06:20 PM |
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DogeMajestic
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July 25, 2017, 10:08:27 PM |
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LOL SEC LOL USA
who cares about them?
the world is not the USA
ROFLCOPTER
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Don't accept the scams
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JeffBrad12
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July 25, 2017, 10:42:53 PM |
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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. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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jakelyson
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July 25, 2017, 10:49:41 PM |
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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.
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electricretard
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July 25, 2017, 10:53:16 PM |
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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.
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Grant Hero
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July 25, 2017, 11:00:30 PM |
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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.
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Pearls Before Swine
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July 25, 2017, 11:07:26 PM |
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LOL SEC LOL USA
who cares about them?
the world is not the USA
ROFLCOPTER
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.
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pearlmen
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July 25, 2017, 11:09:29 PM |
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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 .
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DuaLipa
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July 25, 2017, 11:14:18 PM |
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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.
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jnow
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July 25, 2017, 11:16:11 PM |
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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?
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ArdiPrabowo
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July 25, 2017, 11:20:42 PM |
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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
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cryptonia
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July 25, 2017, 11:25:52 PM |
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Awesome news!!!! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Regulators will accept and regulate rather than ban. This will pave the way for widespread adoption and takeup!
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williamuk
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July 25, 2017, 11:49:05 PM |
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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.
These were the good ones ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The rest are frauds that made people think the gift they made when they bought coins were investments. Those are in much more trouble
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bet101
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July 26, 2017, 01:15:35 AM |
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LOL SEC LOL USA
who cares about them?
the world is not the USA
ROFLCOPTER
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. Must be a shit feeling for SEC not having control of anything they want
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Nalien
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July 26, 2017, 01:22:18 AM |
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"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.
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bbc.reporter
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July 26, 2017, 02:13:52 AM Last edit: July 27, 2017, 12:20:44 AM by bbc.reporter |
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So to be clear... they define that some ICO's may be considered securities. Not all of them.
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.
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Lena_Storifier
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July 26, 2017, 05:57:33 PM |
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I think ICOs with utility rights tokens will survive. DOA was clear securities offering.
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daveon
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July 26, 2017, 06:45:42 PM |
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That's right! The same SEC who failed to uncover the Bernie Madoff ponzi scheme until it blew up! Good job SEC!
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Taki
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July 26, 2017, 06:50:31 PM |
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I think ICOs with utility rights tokens will survive. DOA was clear securities offering.
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.
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Talabrek
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July 26, 2017, 07:20:05 PM |
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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.
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