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Author Topic: US citizens investing in ICOs?  (Read 472 times)
gaming-stars (OP)
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September 06, 2017, 10:05:57 AM
 #1

Hi,

where can I learn more about the laws in the US regarding ICOs?

I know that the SEC started to regulate them but I do not know any details. I also would like to learn more about the Howey test and how it is applied...

I did some google research but wanted to ask if anyone can recommend a great source for my research.

Any help is highly appreciated.

Thank you very much in advance.

kolap
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September 06, 2017, 10:09:44 AM
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I wouldn't worry about it as long you paying tax on your gains. Crypto, ICO, Bitcoin are all the same capital gains.

Faroxx
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September 06, 2017, 10:25:10 AM
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As far as I know a ico restrict access to ico to U.S. citizens because they fear problems with the law. They blochat American ip address.
illyiller
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September 06, 2017, 10:36:58 AM
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where can I learn more about the laws in the US regarding ICOs?

I know that the SEC started to regulate them but I do not know any details. I also would like to learn more about the Howey test and how it is applied...

This is all unprecedented, so I don't think anyone can point you to a good source on how the Howey test applies to ICO tokens. The decision from the SEC was fairly vague and took a hands-off approach. They basically said, "the DAO was a security. Other ICO tokens are probably securities." If you want a real answer, there's plenty of lawyers lining up to enter this space. Tongue

As a US investor, I wouldn't worry much. The SEC was basically just like, "be careful. We're not doing anything right now. Buyer beware." Just use a VPN to invest (because you'll probably be IP-restricted) and pay your capital gains taxes.
Kawasanz
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September 06, 2017, 10:37:21 AM
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This rapid growth has met with serious resistance from governments around the world.while countries like the UK have passed a favorable law, the United States has enacted rather fierce regulations.
New York, the US financial capitol building, recently passed a law specifically aimed at a Bitcoin company called Bitlicense.almost immediately, twelve of the leading companies in the Bitcoin industry shut down service to New Yorkers.
Then Commodity Futures Trading Commission (CFTC) makes public determination on Bitcoin to be classified as a commodity, which causes a stir in society.
helloal
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September 06, 2017, 11:51:04 AM
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As far as I know a ico restrict access to ico to U.S. citizens because they fear problems with the law. They blochat American ip address.

And also they want to regulate bitcoin as if they can. Bitcoin is decentralized and cant be regulated.

Unfortunately, the government can do a fair bit of regulation in the current state of things. The majority of people use centralised exchanges to convert their fiat into crypto. Due to the AML/KYC that is done on most of these, it is quite easy for a government to force these exchanges to provide purchase / transaction data which can be easily analysed using software to identify users (and their crypto balances) through transaction ids.

webmastax
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September 06, 2017, 12:57:09 PM
 #7

World will soon be defined in two categories:
- Category (1) "U.S. Citizens"
- Category (2) those with a chance to be free.
Choose your seat  Grin

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alex_mercer
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September 07, 2017, 05:18:39 AM
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Government regulations might not help people to stop making bad investments. Some people only learn the hard way.
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