How deal with US SEC regulations?

[JoonasR]

Hey there,

Most of the ICOs prohibit US citizens to contribute in bounty reward campaign or token sale due to SEC regulations. Are there some legal ways, how US citizens can still participate without the need of an ICO to follow all of the SEC regulations? Thanks

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[avikz]

If the ICO company is not willing to accept US citizens due to the strict stance taken by SEC, how could you? The only way to participate is to create fake identity but that is not recommended and I won't encourage you to do that. You may face lot of legal problems in future if you are caught doing this. So even though a lot of ICO companies are from USA, their own citizens can't participate in that.

The second way is to become an accredited investor. I don't know what that means in the context of USA legal framework. But only Accredited investors can participate in token sale in USA. Hope this helps!

[BarryCrypto]

Companies can invest through offshore non US based companies. If you are an individual with a US green card or US passport you are strictly forbidden to invest if dictated by the ICO policy. Unfortunately, no way around that unless you can get a new passport.

[jseverson]

As far as I know, you can't be penalized by participating in an ICO as a US resident even if US residents are not allowed. You are, in effect, waiving the SEC'S protection though, in the event that you get scammed or something similar. So basically, you can do whatever you want (if you somehow pass KYC and/or IP screening), but you're on your own.

That being said, you can't have the best of both worlds unless you're an accredited investor, as one other user has mentioned.

[Harlot]

I think you are referring to SEC which is Security and Exchange Commission and not SC which is the Supreme Court. Not all kinds of ICO are prohibited by the SEC if you are offering a Utility Token then you can offer it to American Citizens without violating any regulations. However if you are offering a security token then you cannot offer it to American citizens, the reason being is that security tokens are something similar to what stocks of a company are offering and IPOs of stocks have a rigorous screening process, they don't want Security Tokens as a loophole for this companies.

[gantez]

Meanwhile, by any means if you bypass sec either by creating fake identity or what else you think, you won't get any protection incase you are scammed and this is the effect.