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And by "tightens the noose", they mean, "Advise to follow existing securities law, like everyone else".
by s73v3r_ 8y ago
And by "tightens the noose", they mean, "Advise to follow existing securities law, like everyone else".
- Animats 8y agoYes. "From the SEC’s perspective, there is no lack of clarity. The sniff tests are the same as they have been for decades. The SEC is applying the same securities laws to ICOs that it always applies." “Everybody’s holding their breath for the SEC to create some kind of coin rule, and they’re not going to,” says a securities attorney at one high-profile Silicon Valley firm. “They’re applying the same laws, the same statutes, the same rules, to stocks and bonds and everything else.” In other words, "what part of "no" did you not understand." It's hard to find a successful ICO, in the sense that they did whatever they said they were going to do, and did it profitably. From Medium's list of "successful ICOs:" ICONOMI is held up as a successful example, but they're a "digital asset management platform". They probably should have a broker/dealer license. Solve.care claims "Solve.Care makes healthcare affordable and easy for everyone". All they have is some kind of "physician wallet". Truegame is gambling. Play2Live is like Twitch.tv, except that it costs to watch. StopTheFakes.io: "Token sale is finished. Thank you for your participation". It's like Mechanical Turk looking for copyright infringement. On their actual site, "http://web.stopthefakes.co/" http://web.stopthefakes.co/", no new tasks since 2017. This is pathetic.