I know several subpoenas have been issued by the SEC and the real interesting part will be when the first one hits the courts.
The definition of security will be under debate.
The definition of “stock” will be under debate. (Capital Stock, Common Stock and Preferred Stock)
Then the definition of an equity security versus a debt security as it applies to an ICO.
I love technology, it introduces some very interesting issues to law makers. I am sure the news will cover it with more FUD than anything else as that is what sells stories. Read between the lines, it is interesting times in which we live.
Buy shares in the law firms fighting this one out, they will make the most money LOL
My opinion – Totally expected. The law enforcement community is cheering.
They mentioned this in the SEC meeting in february. No surprise. ICO = IPO. If you know what an IPO is you will see it is the exact same as an ICO
Yeah, well that’s what the SEC wants and WILL get in 2018. I’m hoping that there is an “ICO lite” because I’ve been through an IPO and it is a bee-otch.
I dont see a way around it really. Crowd sourced angel investing? Still requires registration i think as youd be a hedge fund or vc fund.
What if I just ICO out of Vanuatu? SEC can’t touch this!
(Fishy Parachute Pants Dances)
Someone will think of a way around it. Perhaps.
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