Topic: SEC ICO Enforcement - page 2. (Read 1011 times)
Get VPN and then who cares, do whatever you want
So with the news that ICOs now count as securities, I had a few questions about the SEC's enforcement of security laws. From what I understand, "participation" in an ICO is what is being targeted but I am a little confused on what "participation" entails. Does this mean that the entity selling the new coin is subject to enforcement or is it both the seller and investors.
If it is both, would the enforcement be to seize funds/coins from investors? Also, if someone invested in coins during an ICO but waited a week or two until the ICO ended, would the selling of ICO-funded coins still count as securities? I would assume that it would not because that would mean BitCoin would also be subject to these regulations, right?
I was hoping to invest in an ICO coming up in September that seems very legitimate (and who knows they may register with SEC) but this is throwing a wrench in my plan.
If it is both, would the enforcement be to seize funds/coins from investors? Also, if someone invested in coins during an ICO but waited a week or two until the ICO ended, would the selling of ICO-funded coins still count as securities? I would assume that it would not because that would mean BitCoin would also be subject to these regulations, right?
I was hoping to invest in an ICO coming up in September that seems very legitimate (and who knows they may register with SEC) but this is throwing a wrench in my plan.
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