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You’re ignoring all the ICOs which are almost certainly unregistered security offerings. Ethereum was funded as a public ICO.
by qeternity 3y ago
You’re ignoring all the ICOs which are almost certainly unregistered security offerings.
Ethereum was funded as a public ICO.
- xorcist 3y agoThat doesn't even seem to be the issue here. Which is weird. In my humble layman's opinion, an ICO looks an awful lot like a security offering, while a staking protocol doesn't. Compare the simplified statements "Buy my token! It's going to be great in the future!" with "Let's pool our money and execute an agreed-upon protocol where those who have the most get more". Why is the SEC wasting time by going after all the weird ones before the easy pickings?
- CuriousCosmic 3y agoIt was however an ICO does not make it inherently a security. Per the SEC: ICOs, based on specific facts, may be securities offerings, and fall under the SEC’s jurisdiction of enforcing federal securities laws. And I think it's ultimately up to the courts (unless the SEC eventually gives a definitive answer) to determine what specific qualities make an token offered via ICO into a security, especially because what qualifies as an ICO really kinda varies and how they are structured also really widely varies. https://www.sec.gov/securities-topics/ICO https://www.sec.gov/securities-topics/ICO