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by flunhat
3239 days ago
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Cryptocurrencies may be decentralized, but their key people are not. Take ICOs, for example. If ICOs continue on their current path - selling tokens to U.S. citizens that pass the Howey Test [1] - the feds will crack down on the largest and most flagrant violators faster than you can say "Ron Paul 2020" And, it doesn't matter that these ICOs ban U.S. IP addresses from participating, either. From what I've read, the burden is on those selling the security to verify who they're selling it to. [1] http://consumer.findlaw.com/securities-law/what-is-the-howey... |
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