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No, they haven't. I think you misunderstand what they have said. As recently April 26th a SEC official in testimony before Congress [0][1] explicitly said a ut
by pmorici 8y ago
No, they haven't. I think you misunderstand what they have said. As recently April 26th a SEC official in testimony before Congress [0][1] explicitly said a utility token was possible. They have warned that something having utility doesn't mean it isn't also a security. The SAFT is an interesting beast but it is generally only offered to accredited investors where as utility tokens are usually offered in an everyone can participate style ICO.
[0] https://www.youtube.com/watch?v=rNdly_FXlKs https://www.youtube.com/watch?v=rNdly_FXlKs
[1] https://www.forbes.com/sites/astanley/2018/04/28/sec-official-offers-new-hope-for-utility-tokens-in-congressional-testimony/ https://www.forbes.com/sites/astanley/2018/04/28/sec-officia...