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> Many respected lawyers and lawmakers, as well as the SEC, say many ICOs look like securities. Yes, this is the crux of everything I've said, primarily that "
by ringaroundthetx 9y ago
> Many respected lawyers and lawmakers, as well as the SEC, say many ICOs look like securities.
Yes, this is the crux of everything I've said, primarily that "many" has nothing to do with whats possible. Whether a future token sale chooses to register as a security or is completely exempt from securities frameworks because it is a product.
- JumpCrisscross 9y ago> Whether a future token sale chooses to register as a security or is completely exempt from securities frameworks because it is a product The "many" I refer to are the people get to decide, legally, whether it's a security or a product. The polite thing for the SEC to do would be to announce a new rule. The less polite route, though still completely legal, would be to prosecute under the Acts in an SEC court [1]. [1] https://www.wsj.com/articles/sec-fights-challenges-to-its-in-house-courts-1434927977 https://www.wsj.com/articles/sec-fights-challenges-to-its-in...