What are everyone's thoughts on the Security Exchange Commission's (SEC) press release dated yesterday, July 25th 2017?
Titled -
SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities and stating,
"U.S. Securities Laws May Apply to Offers, Sales, and Trading of Interests in Virtual Organizations"The first paragraph states,
"The Securities and Exchange Commission issued an investigative report today cautioning market participants that offers and sales of digital assets by "virtual" organizations are subject to the requirements of the federal securities laws. Such offers and sales, conducted by organizations using distributed ledger or blockchain technology, have been referred to, among other things, as Initial Coin Offerings or Token Sales." You can read the entire report here on the official U.S. Government website:
https://www.sec.gov/news/press-release/2017-131
