SEC - ICO, altcoins and McAfee

[Currencyguide]

Actually you need not to worry about this. Such thing is common here but you should keep in mind that crypto currency market is a deregulated market. It is based on the decentralized technol0ogy so we cannot say these coins illegal just for this. Moreover bitcoin is doing the business like this for more than eight years.

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[megaflux7]

I think you need to read carefully about an ico before investing and consult to see if the project has some serious legal advisors and legal framework in place. And there are also projects that indicate in their whitepaper and during ico stage that their project is not a security backed up some legality. I think it all goes down to doing proper consultation before investing in an ico.

[jefrystar]

I haven't everheard of any security issue for ethereum. However, these issues would be solved very soon.

[ATSgrowth]

I think you need to read carefully about an ico before investing and consult to see if the project has some serious legal advisors and legal framework in place. And there are also projects that indicate in their whitepaper and during ico stage that their project is not a security backed up some legality. I think it all goes down to doing proper consultation before investing in an ico.

Did you even read the discussion?
Maybe you spam here your off-topic to make posts for your signature campaign, right?

[tee-rex]

As long as your ICO was based outside the US and you did not sell any coins to US Citizens or US residents you have very little to worry about. About the only thing the SEC might do that would affect you is banning your cryptocurrency from trading on any US exchange by declaring your coins an unregistered security. It is inevitable that regulation of ICO's will happen. But it will be difficult for the US to exert the kind of softpower they once had and bend other countries to their will.

In real life it is quite different though. America has enough power all over the world to exert their will everywhere, except maybe a few countries like China or Russia. Europe and Japan, South Korea and Australia are all dependent on Uncle Sam and his whimsies. And it is not about governments as such but rather international corporations which have to abide by the laws and orders, official and unofficial, that Washington issues. See what happened to Swiss banks and their vaunted banking secrecy a few years ago to get an idea how things stand in the real world today.

[AldoCrawley]

This is not a good news. Though SEC took a good step to abort all the scammy projects. let's see what happens next!

[mdgabrielzim]

It is very complicated this situation because in addition to several currencies have no project behind it some that have a certain project can be barred by the laws of certain countries. For example casino coins, here in my country would be strictly prohibited for not paying taxes to the government.

[ATSgrowth]

Heh, I created this thread few days ago, when McAfee said this about ICO..
And after that he was poisoned. Accident? i dont think so.

[tee-rex]

Heh, I created this thread few days ago, when McAfee said this about ICO..
And after that he was poisoned. Accident? i dont think so.

It is not an accident. John McAfee is one such attention whore and drama queen, though with a cock. Yet. But with no balls whatsoever. Just like Craig Wright. I wouldn't be surprised if the whole story with his alleged poisoning by his lethal "enemies" (as he claims himself) was contrived and turned out to be no more than a publicity stunt. In reality he must have tasted a little bit of his dick and got into an emergency department.

[anggriani]

shitcoin and ico scam do need to be eradicated from the crypto world, SEC statements are also very disruptive and affect the market. I fear if the SEC can be controlled or bribed by bad people to manipulate and monopolize the crypto market.