3 ms·

Do tokens fall under that category ?

• aboodman 9y ago
  It depends on how they are used, but frequently, yes. Even so, you can sell to accredited investors totally legally. A few ICOs have worked this way.
  • cvaidya1986 9y ago
    Is a cryptokitty illegal for non accredited investors to buy? Or is it just a “normal” good.
    • zeperoni 9y ago
      Cryotpkitty is under the current existing Ethereum network. Like how you can still buy bitcoin. ICO are initial coin offerings, so it's an investment before the actual coin is released and on the market.
    • whb07 9y ago
      No it’s just as trivial as a Pokémon card
• whb07 9y ago
  I just recently saw the SEC secretary say that ico’s are not illegal if they were to be done roughly behind closed doors, so to speak. Meaning, don’t spam to the world your ico address and be diligent as to who you’re talking to about potential investments. The SEC secretary wants a fine line distinction between a “private” and “public” raising of money. He’s right to point that all icos (besides filecoin) are trying to be considered as “private” while publicly share their address and don’t discern who sends in funds. Here’s a recent SEC release: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11 https://www.sec.gov/news/public-statement/statement-clayton-...