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The SEC determined that since ICOs trivially satisfy the Howey Test, ICOs are securities and must follow security regulations. Of course, if anyone were to fol
by timy2shoes 4y ago
The SEC determined that since ICOs trivially satisfy the Howey Test, ICOs are securities and must follow security regulations. Of course, if anyone were to follow security regulations and have a legitimate offering they would just do an IPO.
- simple-thoughts 4y agoThe problem with the “SEC shutdown ICO” theory is US citizens are not the majority of crypto users. ICOs did ban US citizens and the ones active today usually still do so. Most of the world did not enforce anti ICO regulations so the cause must be elsewhere - and we have obvious candidates with defi.
- pwinnski 4y agoDon't get me wrong, there is a great big world outside the US, but for a lot of things, the US is the market that matters. It's where the loose money is, and US tax law reaches around the world to US citizens everywhere.