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Well no offense but until you submit your legal proposal to the SEC and get their opinion...any claim about “SEC compliance” is suspect. Again you may very wel
by will_brown 8y ago
Well no offense but until you submit your legal proposal to the SEC and get their opinion...any claim about “SEC compliance” is suspect. Again you may very well may have done what you say, but if anyone had developed a legal framework, it’s unexplainable why they wouldn’t get the SEC to confirm the same.
The SEC created an entire division and online submission portal to handle these requests, and to date no one has established a legal framework for ICOs (short of registering the token as a security, or accredited investor only exemptions). Congress has even asked the SEC to publish guidelines for a legal ICO, and to date the SEC hasn’t (likely because short of registering/accredited investor exemptions/transfer restriction the SEC can’t come up with a legal framework).
- Alex3917 8y ago> if anyone had developed a legal framework, it’s unexplainable why they wouldn’t get the SEC to confirm the same. I mean it's not something I'm actually working on so it would be a waste of time and money to solicit the SEC's guidance. I've told some other people who are planning ICOs how the system works, so if they want to actually implement it then it's their responsibility to pay to have their lawyers sit in on SEC meetings and for a legal opinion, documents, etc.
- will_brown 8y agoFYI checkout https://www.sec.gov/finhub https://www.sec.gov/finhub It’s free (no SEC fees) and you don’t need a lawyer. I’d recommend a lawyer...but there are no SEC meetings for them to sit in on and bill you for.
- Alex3917 8y agoThanks, I'll send them my architecture and writeup at some point. I'm avoid spending much time working on crypto stuff until the markets capitulate, but it's looking more and more like that could be within the next six months.