Topic: SEC has given a last warning on ICOs - page 2. (Read 372 times)
They should realize that digital currency has no boundaries, it can't just stay in a country. Even if a company is registered in US, its still possible that the rich guys who owns the token of this company are from ASIA. Or somewhere else. They should just back away from controlling crypto because after all there is no control over it which by nature its decentralized as planned.
People should register a base in an offshore location and rum their ico from there. They should know that the authorities are going to crack down on them, no poimt risking it except for big companies
I reckon it would be a good occasion for our portfolio's assessment and find which ICOs came into existence in the jurisdiction of the United States SEC but were not registered. They will be the low hanging fruit for the SEC to enforce fines and to take down which will certainly cause a market dump for those tokens.
I speculate that the ICOs from Asia will take over the top 10 in Coinmarketcap.
Preston Byrne, an Attorney at the ASI and the Founder of Monax, spoke about whether the SEC has successfully excluded the United States from the ICO market, in an interview with CNBC Crypto Trader. He also spoke about the potential risks that can be faced by companies that registered in the US but not with SEC before conducting an ICO.
Byrne stated that the SEC has not precluded ICOs from being registered, whereas, they have just stated that ICOs have to be registered. If not this, then the ICO must be included in an exemption. This includes a private placement deal such as Simple Agreement for Future Tokens [SAFT] under regulation D. The other common exemption is regulation S wherein ICO issuers who are based abroad and have no US touch points are going through compliance to avoid having US touch points.
Byrne further spoke about the current risks faced by ICOs that raised funds in 2016 and 2017, which were registered in the USA but not with the SEC. He stated that that they can face a lot of risk. The Attorney added that an entrepreneur has a few options when faced with compliance problems like meeting with the SEC and coming with a solution.
Read in full https://ambcrypto.com/sec-has-given-a-last-warning-to-the-cryptocurrency-space-says-preston-byrne/
SEC has cracked down not only icos but DEX which has known as etherdelta. I speculate that the ICOs from Asia will take over the top 10 in Coinmarketcap.
Preston Byrne, an Attorney at the ASI and the Founder of Monax, spoke about whether the SEC has successfully excluded the United States from the ICO market, in an interview with CNBC Crypto Trader. He also spoke about the potential risks that can be faced by companies that registered in the US but not with SEC before conducting an ICO.
Byrne stated that the SEC has not precluded ICOs from being registered, whereas, they have just stated that ICOs have to be registered. If not this, then the ICO must be included in an exemption. This includes a private placement deal such as Simple Agreement for Future Tokens [SAFT] under regulation D. The other common exemption is regulation S wherein ICO issuers who are based abroad and have no US touch points are going through compliance to avoid having US touch points.
Byrne further spoke about the current risks faced by ICOs that raised funds in 2016 and 2017, which were registered in the USA but not with the SEC. He stated that that they can face a lot of risk. The Attorney added that an entrepreneur has a few options when faced with compliance problems like meeting with the SEC and coming with a solution.
Read in full https://ambcrypto.com/sec-has-given-a-last-warning-to-the-cryptocurrency-space-says-preston-byrne/
There was a point to not get in touch with SEC and as ico developer in USA and these guys must remain anonymous.
I have read an interesting article in this morning that explains there are some icos are still remain anonymous. If these teams are very well known by SEC and then they must prepare to get in touch with SEC.
US icos has placed on the first place of the icos which have raised a lot of money.
I think this isn't good on the decentralized part of cryptocurrency. Yes, there are lots of ICOs not on the system but they are from other countries. I hope SEC can see their authority about some jurisdiction on some places. Maybe on US soil, but they must understand that their position has limited powers to impose a threat to cryptocurrency.
Maybe this is not good, but it is at least some real step to reduce the number sponge on the market and increase efficiency for investors. A small but pleasant step, I fully support them. 
I reckon it would be a good occasion for our portfolio's assessment and find which ICOs came into existence in the jurisdiction of the United States SEC but were not registered. They will be the low hanging fruit for the SEC to enforce fines and to take down which will certainly cause a market dump for those tokens.
I speculate that the ICOs from Asia will take over the top 10 in Coinmarketcap.
Preston Byrne, an Attorney at the ASI and the Founder of Monax, spoke about whether the SEC has successfully excluded the United States from the ICO market, in an interview with CNBC Crypto Trader. He also spoke about the potential risks that can be faced by companies that registered in the US but not with SEC before conducting an ICO.
Byrne stated that the SEC has not precluded ICOs from being registered, whereas, they have just stated that ICOs have to be registered. If not this, then the ICO must be included in an exemption. This includes a private placement deal such as Simple Agreement for Future Tokens [SAFT] under regulation D. The other common exemption is regulation S wherein ICO issuers who are based abroad and have no US touch points are going through compliance to avoid having US touch points.
Byrne further spoke about the current risks faced by ICOs that raised funds in 2016 and 2017, which were registered in the USA but not with the SEC. He stated that that they can face a lot of risk. The Attorney added that an entrepreneur has a few options when faced with compliance problems like meeting with the SEC and coming with a solution.
Read in full https://ambcrypto.com/sec-has-given-a-last-warning-to-the-cryptocurrency-space-says-preston-byrne/
I speculate that the ICOs from Asia will take over the top 10 in Coinmarketcap.
Preston Byrne, an Attorney at the ASI and the Founder of Monax, spoke about whether the SEC has successfully excluded the United States from the ICO market, in an interview with CNBC Crypto Trader. He also spoke about the potential risks that can be faced by companies that registered in the US but not with SEC before conducting an ICO.
Byrne stated that the SEC has not precluded ICOs from being registered, whereas, they have just stated that ICOs have to be registered. If not this, then the ICO must be included in an exemption. This includes a private placement deal such as Simple Agreement for Future Tokens [SAFT] under regulation D. The other common exemption is regulation S wherein ICO issuers who are based abroad and have no US touch points are going through compliance to avoid having US touch points.
Byrne further spoke about the current risks faced by ICOs that raised funds in 2016 and 2017, which were registered in the USA but not with the SEC. He stated that that they can face a lot of risk. The Attorney added that an entrepreneur has a few options when faced with compliance problems like meeting with the SEC and coming with a solution.
Read in full https://ambcrypto.com/sec-has-given-a-last-warning-to-the-cryptocurrency-space-says-preston-byrne/
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