This is a long article but one that is worth reading. The damages caused by the ICO craze may take years to overcome. It may turn out to be an industry self-induced cleaning up that could negatively impact some of the biggest success stories in our industry.
DNotes is one of the oldest coins and among the few that stayed clear out of ICO. Like Bitcoin, not a single DNotes has been sold as an investment to support the coin. A few among our core team funded everything out of our own pockets. Every DNotes that I own is purchased from various exchanges that listed DNotes, including a few millions that I gave away.
I agree with the authors’ conclusion that,
“The SEC has not forgotten or overlooked any deal, the wave of ICO regulatory action is coming.” It may be prudent to take a serious look at your portfolio and make some adjustments – some re-balancing.
DNotes is among the most undervalued coins in our industry that is not a “security token” (STOKEN). We will be among the last standing. Meanwhile, DNotes continues to make great progress in multiple fronts, including DNotes Pay and WooCommerce plug-in. Behind the scene, we are busy as ever working on many projects. We have also committed to a sponsorship of Family Office investment conference in Miami on Dec. 10 and 11, 2018.
DNotes available HERE:
https://app.stex.com/en/full-glass/BTC/NOTEThe Incoming Wave of ICO Regulation (Yes, It's Coming)Alex Sunnarborg
Nov 2, 2018 at 08:00 UTC | Updated Nov 3, 2018 at 11:16 UTC
Alex Sunnarborg is a Founder of Tetras Capital. Previously, he was a research analyst at CoinDesk and a founder of the crypto investing app Lawnmower.
As you may know, securities classification analysis in the U.S. today primarily revolves around the Securities Act of 1933 and the SEC v. W.J. Howey Co. Supreme Court case of 1946.
The Securities Act of 1933 was established to require issuers to disclose certain pieces of information to potential investors prior to any public securities offering. This law was enacted to reduce misrepresentation by issuers and to help protect investors, but applies only to the sale of "securities."
In 1946, SEC v. W.J. Howey Co. broadened the definition of securities by including any "investment contract", defined as: (1) an investment of money (2) into a common enterprise (3) with the expectation of profit (4) to come solely from the efforts of others.
Read more:
https://www.coindesk.com/the-incoming-wave-of-ico-regulation-yes-its-coming/