[2017-07-26] ICOs To Be Regulated The Same As IPOs in the US

[Vladdirescu87]

The SEC (The Securities and Exchange Commission) has decided to regulate Initial Coin Offerings (ICO) in the same way as Initial Public Offerings (IPO) of traditional shares. Now, each organization using distributed ledger or blockchain technology that wants to offer and sell its own digital token in the US will be required to be registered.

After a closer study, the SEC issued an investigative report cautioning market participants that offers and sales of digital assets by "virtual" organizations are subject to the requirements of US federal securities laws.

Read the full article: https://coinidol.com/icos-to-be-regulated-as-ipos-in-the-us/

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[odolvlobo]

regardless whether the issuing entity is a traditional company or a decentralized autonomous organization

I'd like to see how the SEC plans to force a DAO into compliance. I suppose they could try by making it illegal for U.S. residents to own a DAO's tokens, but good luck with that.