> Being that token sales are international, it would seem there is absolutely nothing illegal about opening a company in that country and offering securities. E

> Being that token sales are international, it would seem there is absolutely nothing illegal about opening a company in that country and offering securities. Even if the owners of the company are US citizens. Actually the US regulates companies that so much as offer securities to US citizens. Try getting an account with a forex broker that's based outside the US and you'll see what I mean. The CFTC doesn't limit itself to US companies. I haven't seen the same attempts being made on other kinds of securities but the framework is clearly there as the CFTC is using it.