SEC - ICO, altcoins and McAfee

[ATSgrowth]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

[Way2Paradise]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

that does not sound very good. i hope that it will have bad consequences.

i think in the next few weeks we will see if anything will happen.

[ATSgrowth]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

that does not sound very good. i hope that it will have bad consequences.

i think in the next few weeks we will see if anything will happen.

SEC regulations may take several months not several weeks.
Look at Ethereum - Ethereum ICO took place in the year 2014 and now SEC decided that it Ethereum is not a security.

[twobits]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

[tsaroz]

ICOs are actually securities and they should behave as such.
Unlike Bitcoin, Ethereum and other alts, ICO are fund raised with promise to share the profit of investment with the token holders.
Here, tokens act as a share. ICOs should be regulated and taxed.

[ShareAccepted]

McAfee is a problematic figure that has gone into the business of creating fomo and fud alike. As far as I am concerned, the SEC can act agains american residents only.

[Way2Paradise]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

that does not sound very good. i hope that it will have bad consequences.

i think in the next few weeks we will see if anything will happen.

SEC regulations may take several months not several weeks.
Look at Ethereum - Ethereum ICO took place in the year 2014 and now SEC decided that it Ethereum is not a security.

yes that's true. it will probably be more months and not weeks. sec will definitely have a lot of work the next months.

[BTCLovingDude]

i have been afraid for the future of ICOs and most important of all i have been worried more about the future of the platforms that ICOs run on like Ethereum.

these coins like ETH rely completely on ICOs to survive with an ICO there is no reason for them to exist anymore and SEC and a lot of countries around the world have been banning ICOs or at best putting a lot of restrictions around them.

i think 2018 can be a very dark year for ETH.

[trobin]

Just because they are considered as securities that does not mean that they cannot be within the confides of the law. It just means that they have to interact in a certain way with persons from the US, mostly only allowing registered people to participate.

[ATSgrowth]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

But SEC could harm altcoins right? If they arrest the team behind specific altcoin, or? Or SEC could harm only altcoins which are from the USA?

[torai]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

You are looking at the wrong direction, SEC in an American regulator of stocks, but all ICOs haven't allowed American citizens to buy their tokens. If SEC admits any token as an asset, American cryptochange with make delisting for this token, and it will be a solution to the problem.

[lincolnmad]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

Are you really trust McAfee? I think he's really shaddy because everybody can endorse him by paying him $100k or more for a tweet about an ICO/project. In my opinion Ethereum and bitcoin are still securities, i don't know why SEC says that though.

[Way2Paradise]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

But SEC could harm altcoins right? If they arrest the team behind specific altcoin, or? Or SEC could harm only altcoins which are from the USA?

i think only altcoins from usa are affected. other lands, other rules and laws. i think sec can not do much there.

[ATSgrowth]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

You are looking at the wrong direction, SEC in an American regulator of stocks, but all ICOs haven't allowed American citizens to buy their tokens. If SEC admits any token as an asset, American cryptochange with make delisting for this token, and it will be a solution to the problem.

Thank you, this really really makes sense to me.
So guys, you are still positive with the ICO/altcoins future?

[BTCLovingDude]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

But SEC could harm altcoins right? If they arrest the team behind specific altcoin, or? Or SEC could harm only altcoins which are from the USA?

i think only altcoins from usa are affected. other lands, other rules and laws. i think sec can not do much there.

that is correct. SEC's jurisdiction is theoretically restricted to USA only but the thing is when they do something other countries may follow because it would be bad for them to see for example SEC banning something that they are allowing!
not to mention that the other countries have not been so friendly towards ICOs so far. there have already been a lot of bans in different countries. USA/SEC is not the first one there.

[unusualfacts30]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

as many have mentioned that this will only effect people in the US and this will take few months rather than weeks. not a big fan of McAfee here but you just have to wait and see before deciding whether they'll be worthless or not. not many can give you proper guidance on this subject as it involves future date.

[e@symode]

I do not understand why all people are so afraid of these stupid people from the SEC and how crypto currencies in general can touch these spheres, maybe I'm wrong, I do not argue, but since when do people have no opportunity to collect donations to achieve the goal? Is this normal?

[mr_smith99]

months will pass before he could know more  

[covfefe_]

The turn of events in the last couple of years have given us a clear message. We can not ignore the existence of cryptocurrency and we cannot let it be different from our daily economy and hence the regulation of government. It's for the better of cryptocurrency to abide by local laws.

[bootlace]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

What important in the McAfee? Paid adviser that shill any ICO for salary. SEC is more dangerous organization. But for non-USA ICO it's not a problem. I see too much ICO but not all of this afraid SEC

[cherryscarlett]

It also scares me, because most of the tokens, if the team is arrested, the project will stop developing.
So this token is going to be worthless.

[petergo13]

good, hes an obvious scammer lol.

[hell_slayer]

Of course , those who violate laws are illegal. It's normal in real life and now , it happens in crypto world . McAfee seems to be scared , because he worked as advisor and media advertiser for a variety of different projects and many of them could appear to be illegal , so he is trying to secure himself now . Very predictable .

[tee-rex]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I don't know what McAfee has to do with all this. Is he the guy who promised to eat his dick if Bitcoin doesn't reach 1M dollars in 2020? Anyway, he is as irrelevant as his dick. If I'm not mistaken, currencies are not securities (and can't be), so it shouldn't surprise anyone that SEC won't accept Bitcoin and Ethereum as securities. They are virtual currencies, so why should they really? Also, besides SEC  there is also CFTC, a regulating body like SEC which is primarily involved in regulating commodity derivatives markets, and they have officially accepted the term "virtual currencies" and regulate them as commodities.

[target]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

ICOs of the past are safe the later and the ones that are to be announced yet are the once that are going to have to worry. But I don't think this is going to happen McAfee is full of shit. The SEC has been existing for all these years never had they touched anything. Singapore companies are doing ICO just like DENT, did anything happen to it? They were even expanding networks to other countries.

[Growling]

Seriously, McAfee is a very strange person. I do not understand why so many people are interested in his opinion. And I'm sure I won't worry that he'll stop supporting some of the coins.

[xianbits]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

Good point.
Thailand is also different from US SEC, as they are to legalize 7 Crypto in their country. Here's a link in case you don't know https://news.bitcoin.com/thailand-crypto-regulations-legalizing-cryptocurrencies/
About McAfee not supporting ICO, there will always be another influential people that will support this. Anyway, I think having them will just give a litlle effect.

[ATSgrowth]

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

Good point.
Thailand is also different from US SEC, as they are to legalize 7 Crypto in their country. Here's a link in case you don't know https://news.bitcoin.com/thailand-crypto-regulations-legalizing-cryptocurrencies/
About McAfee not supporting ICO, there will always be another influential people that will support this. Anyway, I think having them will just give a litlle effect.

But I thought that he wanted to created his new ICO few days ago.
He is probably on drugs because who knows where is the truth.

[plr]

Why not and besides they cannot reach that legit ico because they are not operating in the States, they are imposing something that is not within their boundary but let's see what's going to happen, although I'm a little bit concern on what's going to happen next.

[Prodigan786]

Even i am thinking the same so i am creating awareness among community not investing in any ICO for certain period most of the ICO doesnt contribute anything to crytpo space . As well as these people are running away with money instead contributing to the community its really bad movement. Last year we have faced lots of price drops while china banned local exchanges then it took wings now also same hope soon will recover.

[rajurathod18]

Who is John mAcfee he is not running this whole industry, if he will not support ICOs than some  other people will replace him and US citizen have to worry about SEC regulations as their boundary lies within US only. SEC should introduce new and easy process for ICO clearance and approval to change its image as crypto police.

[victory.lil]

It seems that this whole situation in the crypto currency with McAfee and the SEC and in general all together is very similar to the theater with people, as if you are sitting in the hall of this large building called "Real World" and before you a fascinating story unfolds, integration into your mind of any ideas from "The author of this play"

[CodyAlfaridzi]

Yep, better get your hands off of those ICO coins now and stack more money into solid crypto like Bitcoin and Ethereum. I actually love that statement from SEC, time to weed out those people who take advantage of this ecosystem by creating trashy ICO and racking millions.

Btw, you should care less on what McAfee is saying. He's not the right guy to be heard and followed in crypto.

[danbitcoin1]

I don't like the guy so doesn't bother me. Bit concerning for us guys doing bounties though, we're basically promoting investments, I don't think 'dont take this as investment advice' would hold up in court lol.

[dele4]

yes I have read the article about McAfee who decided to quit ICO world. will no longer support or invest in ICO. this is because the US is banning the development of bitcoin and ethereum, even until there is a threat of arrest from the SEC against McAfee. this is a pity because McAfee is one of the most influential people in ICO. yes we can only monitor how the next development and hope for the best.

[v_15]

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[judeafante]

People are so concerned about this Sec and Mcaffee its as if we are bounded by United States Law when cryptocurrency is anonymous but sad to say the market is affeced by Us restrictions and this is not good as if one country has a huge impact in the industry, I hope we can all recover.

[tom14cat14]

Talking about SEC and ICO, SEC is only has power in USA. I really dont care what they can do for ICO projects on USA land. Today many ICO projects works in China and Europe, where SEC has no impact at all. Dont worry guys. McAfee is a showman, he is paid for FUD, I dont believe him anymore...

[iconoclast]

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.

[andyosh]

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.

I think you're right. Whilst the US is probably quite influential in the crypto space, it's not the centre of the world. There is so much documentation about doing ICOs now and whether things make the Howey test or how to discern if your token is a security and not just for getting access to part of an ecosystem. I don't understand why new crypto projects wouldn't read up about this. Also, can SEC regulation have any retroactive effect on finished ICOs?

[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.

[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.