The S.E.C. Crashed The I.C.O. Party, How Will The Fun Continue?
Written By LoriLikes (the original poster)
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The S.E.C. Crashed The I.C.O. Party, How Will the Fun Continue?
Lorilikes
-A closer look at the Howey test and a few thoughts on how the I.C.O. Trend will be affected.
The Securities and Exchange Commission (SEC) recently made public its intention to assess and regulate certain crowd funding projects known in the crypto-space as ICO’s or Initial Coin Offering. Similar to IPOs, Initial Coin Offerings consist of campaigns where newly-issued cryptocurrencies or tokens are sold to initial project backers for BTC, altcoins or fiat.
The SEC has a narrow job description which is to protect investors, to maintain fair and tidy markets, and to promote and regulate the formation of capital. They are in position with the purpose of preventing another extreme financial crisis like The Great Depression which the USA endured during the 1920’s and part of the 1930s.
Of course many generations have come and departed since the Great Depression, but when the earliest scars of the Depression formed atop the financially wounded, thicker skin was the result, and The SEC was born. It is needless to say the SEC is a sincere, but stern bunch.
When the crypto-community began to loudly buzz with various, highly profitable ICO’s, the SEC was made aware of the trend, and quickly issued a public bulletin announcing an investigation, with some warnings and...
