I live in the US. If I was to build my own crypto currency would this be illegal? I have a great idea, but I'm not entirely sure it is legal. Actually I have a lot of good ideas that end up being illegal someway. For some reason though, other organizations are allowed to do these things that I'm not allowed to do. I mean, all these other people make these altcoins, but don't face any legal trouble. What makes them immune from legal trouble?
No, you can create your own digital currency in United States of America but in issuing tokens or coins your project has to pass a certain test so it won't be classified as a security. Once it can be evaluated as a security you need to pass strict requirements as mandated by the laws governing securities and this is why there are many US-based cryptos but not accepting investors or buyers from the US itself.
Now, if am living in the United States and I love introducing my own version of cryptocurrency, I would based my operation somewhere outside of the country by linking with like-minded people in creating a team (this can easily be done these days). There are so many choices and alternatives once there is a will and a vision to carry out the plans.
