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Author Topic: SEC wants to regulate ICO's  (Read 131 times)
smartcontracts100 (OP)
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November 22, 2020, 11:10:23 PM
 #1

Hot News: SEC wants to regulate ICO's  Grin

https://www.youtube.com/watch?v=8YtZJRUak8E

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November 22, 2020, 11:20:55 PM
 #2

What is so hot about this news? LOL. SEC has been eyeing ICO's already.

Just look at how many cases they have been filing on ICO's every since, I urge you to check this board and see if for yourself Legal.

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November 23, 2020, 08:05:23 AM
 #3

Hot News: SEC wants to regulate ICO's  Grin

https://www.youtube.com/watch?v=8YtZJRUak8E
that's good actually because the ICO will be tighter and the project will be better there will be no more scam projects that are very worrying for investors if ico is not managed by the SEC if scam projects continue to be left alone this will be a very serious problem for investors. SEC can provide solutions for ico investors who want to invest so that all of this can be guaranteed the security and also the future of the project.


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November 23, 2020, 08:42:02 AM
 #4

that's an old case and so many times SEC wants regulate ICO

OP you must see this https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11

SEC has been starting to watch ICO and its progress since a few years but there's not a clear regulation for ICO. that's why ICO is still on the grey area. I think that you can find so many news about this.
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November 23, 2020, 09:59:43 AM
 #5

that's an old case and so many times SEC wants regulate ICO

OP you must see this https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11

SEC has been starting to watch ICO and its progress since a few years but there's not a clear regulation for ICO. that's why ICO is still on the grey area. I think that you can find so many news about this.


yes, thats statement was already old. but in fairness to them, the sample questions they published, are really good questions that can serve as a guide for investors, and still valid up to this day for any blockchain project.
however, as they said, at the time of publishing that statement, there's no ICO project which had been registered in SEC.
 and i dont think they will ever have. as ICO is almost dying these days, i dont think it will be their priority. maybe they will look into the current hype, which is defi but will be long time before we can truly see their final decision on this matter. if they are indeed be regulating ICOs, by the time they came up with their final regulations, i dont think there will be ICO projects left to regulate.

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November 23, 2020, 10:26:55 AM
 #6

According to the news SEC Chairman Jay Clayton talks about the techno and then ways where they can improve and control the ICO's etc... But the thing is this has been happening already. We have seen such things since ICO's came into existence.
For people who are not aware of what SEC is : it's US security and exchange commission. Now the thing that US already wants to regulate cryptocurrencies is not bad. Regulation is fair since many ICO's have created problems for the people , some of them have been frauds and thus , the people will have more security this way and the government will be able to be more open towards cryptocurrencies. The government will also be liable to protect the cryptocurrencies and these ICO's under the law.
**Regulation is good as long as it's fair regulation.**

Quote
The Securities and Exchange Commission (SEC), has proposed a new set of rules that will regulate Crypto-token or Crypto-coin investments when the character of the investments qualifies as securities transactions. The position of the Commission is that virtual crypto assets are securities unless proven otherwise.
Sept,14,2020 ( taken from google )

This news is very old. ::::

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November 23, 2020, 10:37:02 AM
 #7

According to the news SEC Chairman Jay Clayton talks about the techno and then ways where they can improve and control the ICO's etc... But the thing is this has been happening already. We have seen such things since ICO's came into existence.
For people who are not aware of what SEC is : it's US security and exchange commission. Now the thing that US already wants to regulate cryptocurrencies is not bad. Regulation is fair since many ICO's have created problems for the people , some of them have been frauds and thus , the people will have more security this way and the government will be able to be more open towards cryptocurrencies. The government will also be liable to protect the cryptocurrencies and these ICO's under the law.
**Regulation is good as long as it's fair regulation.**

Quote
The Securities and Exchange Commission (SEC), has proposed a new set of rules that will regulate Crypto-token or Crypto-coin investments when the character of the investments qualifies as securities transactions. The position of the Commission is that virtual crypto assets are securities unless proven otherwise.
Sept,14,2020 ( taken from google )

This news is very old. ::::

Yep, This is an old news. Actually they are already sue those unregulated ICO like Paragon, Airtoken, Telegram(TON) and many because the projects launch there ICO without permission by the SEC even though there's no clear guidelines for launching ICO.

The traditional Initial Coin Offering is not in trend anymore so SEC should focus on regulating exchange for controlling the IEO. Most exchange is unregulated so they should start from that.

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November 23, 2020, 02:07:25 PM
 #8

Hot News: SEC wants to regulate ICO's  Grin

https://www.youtube.com/watch?v=8YtZJRUak8E

Why now, why not on the times when there are a lot of scam ICO coming up, there are only projects that does ICO, they are to late a hero but nevertheless, if they are going to regulate ICO it will help investors to save their money and might even help the ICO type of crowdfunding to get back in business.
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November 23, 2020, 02:13:04 PM
 #9

"Hot News"  and you have given an interview that was released in 2018? I don't think this is something not known by many people in fact many people in the US already know that the SEC classified 2 kinds of cryptocurrencies one is the securities which is heavily regulated and the other one is the utility tokens all of which are under surveillance by the SEC. So this is really not news for a lot of people as we aren't like in the 2010s where most of the people on earth doesn't know what cryptocurrencies are or what Bitcoin is.
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November 23, 2020, 02:29:31 PM
 #10

that's an old case and so many times SEC wants regulate ICO

OP you must see this https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11

SEC has been starting to watch ICO and its progress since a few years but there's not a clear regulation for ICO. that's why ICO is still on the grey area. I think that you can find so many news about this.

That means the SEC is not serious about regulating ICO. or it is simply exaggerated discourse. If the SEC was serious about regulating ICO, there should be fewer ICO scams. But in fact, there are still many scam ICO that take investors' money. I hope the SEC is more serious about controlling ICO so that scammers will find it very difficult to take investors' money on ICO.
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November 23, 2020, 02:53:21 PM
 #11

Hot News: SEC wants to regulate ICO's  Grin

https://www.youtube.com/watch?v=8YtZJRUak8E

This is a two-year video that tells nothing, it was broadcast two years ago but the SEC has done nothing until now, so I doubt they will  do that now, ICO is fading, there are only projects that do ICO now, most of them are doing IEO, but if they are going to implement they should do it soon, many projects are going to launch because of the bull run and many of them will do ICO again.

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November 23, 2020, 04:56:16 PM
 #12

Hot News: SEC wants to regulate ICO's  Grin

https://www.youtube.com/watch?v=8YtZJRUak8E

Isn't it an old news already??

SEC has been taking actions against fraudulent ICOs since a long time now. Even SEC website has a page dedicated for ICOs which was updated back in January 2020. See below,

https://www.sec.gov/ICO

There is an article which says SEC has already charged not less than 27 ICOs since 2016 to early 2020. See below,

https://www.coindesk.com/now-more-than-ever-serc-is-scrutinizing-unregistered-token-offerings

Probably they are gearing up for more actions!

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November 23, 2020, 08:09:19 PM
 #13

Hot News: SEC wants to regulate ICO's 

It is SECs job to regulate all securities. Coins started with ICO are automatically a security. Ethereum, EOS, .... are a security.   SEC had not do their job in past few years!
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November 23, 2020, 09:10:04 PM
 #14


So this is really not news for a lot of people as we aren't like in the 2010s where most of the people on earth doesn't know what cryptocurrencies are or what Bitcoin is.

I don't think SEC regulation won't make any news. The news of sec is beginning to bore many because is a longtime we have heard it always. We have seen many news on that so we just see it like others we have heard and read about.
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November 23, 2020, 10:24:55 PM
 #15

Hot News: SEC wants to regulate ICO's  Grin

https://www.youtube.com/watch?v=8YtZJRUak8E
There are not many ICOs coming out of US due to strict or confusing regulations, i feel that it is good that SEC has announced this now so they want to come in front and control icos which is good from investor and supporter point of view because this way only legit projects will be allowed to raise funds through ICOs.

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aditasetia123
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November 23, 2020, 11:50:12 PM
 #16

cryptocurrency community dont care about SEC or another regulator in any countries , investors still enjoying bullish trend that happen now.focusing on coins that will give us profit must be our concern, just let SEC do what they want it just take less impact to cryptocurrency market. investors already have good experience about it so they know how to face this issue.
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November 24, 2020, 06:46:28 AM
 #17

Not a HOT news, otherwise it's a news we already knew.
 
 ICO regulations has been implemented by some of different countries since the ICO scammers have been exposed. Due to the safety and security, SEC decided to make some laws regarding this one.
 
 Perhaps, you may read this info, it's an Overview of ICO SEC Regulations around the World
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November 24, 2020, 07:00:06 AM
 #18

What is so hot about this news? LOL. SEC has been eyeing ICO's already.

Just look at how many cases they have been filing on ICO's every since, I urge you to check this board and see if for yourself Legal.

can you really blame them! see the number of scam and fake ico's we have had since past years, many investors loss money and probably lives as a result of scam icos, it is not pleasing to hear that regulation is upon crypto, but fake and scam project brought this upon themselves and if this process will guarantee peoples investment then so be it.
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November 24, 2020, 07:09:08 AM
 #19

Hot News: SEC wants to regulate ICO's  Grin

https://www.youtube.com/watch?v=8YtZJRUak8E
that's good actually because the ICO will be tighter and the project will be better there will be no more scam projects that are very worrying for investors if ico is not managed by the SEC if scam projects continue to be left alone this will be a very serious problem for investors. SEC can provide solutions for ico investors who want to invest so that all of this can be guaranteed the security and also the future of the project.
ICO will be tighter and project will be better? Aren't SEC going to get the piece of the cake too? Are they going to do all this for free? I guess not. And how will this even stop scammers in crypto space? SEC involvement won't guarantee the success of a project as we know it, investors are still on their own here

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