>>I'm willing to bet those are probably a tiny fraction of the cryptotokens out there. And a tiny fraction of tech startups succeed. >>That's not the case at

>>I'm willing to bet those are probably a tiny fraction of the cryptotokens out there. And a tiny fraction of tech startups succeed. >>That's not the case at all, and to try and phrase it like that is quite dishonest. If a law is passed to treat token sales like how securities offerings are currently treated, that is indeed what it will be like, given that is how the venture capital market operates. The only precedent we have with cryptocurrency regulations is New York's BitLicense, and that resulted in $60,000 in compliance costs and only two very well capitalized companies getting legal permission to operate in New York. The vast majority of cryptocurrency players are essentially banned from New York, and now you need lawyers to get past the ban.