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Makes no difference I think. Burden of proof is on the emitter. Matt Levine at Bloomberg has it explained perfectly: The ICO emitters seem to have no idea that
by polotics 9y ago
Makes no difference I think. Burden of proof is on the emitter.
Matt Levine at Bloomberg has it explained perfectly: The ICO emitters seem to have no idea that once the SEC declares an ICO to be a security, any US-person investor who had put their money in such an unregistered security and lost some, is entitled by the full force of the law to all of their $, paid back in full...
- rothbardrand 9y agoAll of their $ or all of their ETH? Most ICOs don't take $.
- JumpCrisscross 9y ago> All of their $ or all of their ETH? Most ICOs don't take $. reply Doesn't matter. Delaware law has allowed contributions "in kind," e.g. with labour. When something goes wrong, the promoter has to pay cash restitution, penalties and, often, legal fees. Disclaimer: I am not a lawyer. This is not legal nor securities advice.