ICOs, stop worrying about SEC!

[poutintsev]

Check the whole article here:

https://medium.com/@filip.poutintsev/icos-stop-worrying-about-sec-11f774f757ba

[sunsilk]

For those USA residents, they are the one that must worry that's the article says.

This applies for those who wants to start out their ICO's.

Are you the one that wrote this article?

[poutintsev]

Yeah, USA residents only, but most crypto users are not from USA.

[musta5a]

ICOs need to worry about SEC a lot! If I was to start ICO, first thing would be to skip US market for sure. It's just they're already trying to close down on many ICOs and it will only get worse

[stingraydiver]

While I hate regulations, the SEC may help weed out scam ICO's.

[poutintsev]

ICOs need to worry about SEC a lot! If I was to start ICO, first thing would be to skip US market for sure. It's just they're already trying to close down on many ICOs and it will only get worse

They are trying, but not succeeding, because they have no power outside of USA.

[avikz]

Check the whole article here:

https://medium.com/@filip.poutintsev/icos-stop-worrying-about-sec-11f774f757ba

Basically what I understood from this article is that only ICOs with USA connection should be worried. That's what it is meant. While SEC is an US regulatory body, there are countries like China and South Korea who have also banned ICO from originating from their soil. But they all have failed miserably to provide a long-term solution to this crowd funding method and banned it completely. So "rest of the world" is probably not true.

[CryptoBry]

An ICO project should avoid accepting participants from people who are residents or citizens of countries that have already expressed their non-recognition of this platform for crowdfunding. Of course, we already know of those countries. The ICO market does not have to worry at all because even if many countries are already banning ICOs yet the same market is still booming and soon this can be maturing as a legitimate way to source funds from the people. Sad to say, as in any industry especially those who are new, scam artists are now smiling using the ICO platform because they can now easily gain millions much easier compared to using other scamming means. ICOs remains to be unregulated and personally I am for its regulations not to stifle the industry but to purge the scammers out of it who are the ones making the whole thing a bad experience for many who lost their hard-earned money already.

[Btc_1856]

Check the whole article here:

https://medium.com/@filip.poutintsev/icos-stop-worrying-about-sec-11f774f757ba

Already many ICO's are still not accepting the US residents people because of this, SEC is taking a lot of measures to control the flow of ICO's but in future, they will allow on the basis of guidelines followed by them.

[poutintsev]

Already many ICO's are still not accepting the US residents people because of this, SEC is taking a lot of measures to control the flow of ICO's but in future, they will allow on the basis of guidelines followed by them.

Yeah only because of fear.

But measures SEC is taking outside of USA?

[carlfebz2]

Check the whole article here:

https://medium.com/@filip.poutintsev/icos-stop-worrying-about-sec-11f774f757ba

Already many ICO's are still not accepting the US residents people because of this, SEC is taking a lot of measures to control the flow of ICO's but in future, they will allow on the basis of guidelines followed by them.

Possible but wont really be an assurance on reaching out such state where they would recognized or pullback their restrictions towards ICO. Knowing that these superpower countries once they had made their decision it would really be considered as final.As I have read on the article too this is just mentioning about US residents.They might revert their decisions but expect there would be corresponding guidelines.

[smith136]

Already many ICO's are still not accepting the US residents people because of this, SEC is taking a lot of measures to control the flow of ICO's but in future, they will allow on the basis of guidelines followed by them.

Yeah only because of fear.

But measures SEC is taking outside of USA?

How come? they do not have territorial jurisdiction for that but if you are talking about SEC of other countries they might adopt rules made by the SEC of USA.

[sindikat]

Why are you interested in the problems of the US population? Are you sure they're interested in this problem? We constantly see in America on any occasion going to mass demonstrations. Has anyone seen a demonstration of opponents of the ICO ban for us residents? I have not seen. It's probably not a problem for them.

[poutintsev]

There are no mass demonstrations about ICO legislation, because most common people don't understand what it is.

[onebtcforlife]

ICOs need to worry about SEC a lot! If I was to start ICO, first thing would be to skip US market for sure. It's just they're already trying to close down on many ICOs and it will only get worse

They are trying, but not succeeding, because they have no power outside of USA.

That's why most of the ICO's are not allowing the people from the US residents but after listing in the exchanges US people are buying through the exchanges. ICO's from the US, SEC is taking serious action and giving suggestion to the ICO, after legalising you can start your ICO's without any problem.

[peter0425]

There are no mass demonstrations about ICO legislation, because most common people don't understand what it is.

What do you mean mass demonstrations? But even if people do such things, I don't think that SEC will change their decisions. And recently Ethereum is their next target, scrutinizing it as either security or commodity. As we have seen in the last couple of days, Etheruem peak above $800 but as soon as the news went out, it suddenly dip together with the rest of the market. Of course we understand what's SEC trying to pull off, as of lately both Bitcoin and Ethereum have been under their lenses to protect consumers and investors against a lot of ICO project scams.

[yesyes18]

And it surprises me that we always keep on wailing about tbe SEC. It seems we have given them the authority and piwer that they themselves knkw they don't have. I think if anyone wants to set up a lroject, the person should first check from his own countries  or where he's setting up the ICO and then will knwo what to worry about from then.