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by wav-part 3191 days ago
Wrong Headline.

SEC has not charged with fraud rather than with violating anti-fraud and registration provisions. Since almost no ICO implement anti-$FCRIME provisions, even honest ICO can be charged similarly.

2 comments

Looks like I am wrong. SEC are also charging with fraud. https://www.sec.gov/litigation/complaints/2017/comp-pr2017-1...
If the ICO is US based and not complying with the law it is not honest.
How far does that go? If an Uber driver goes over the speed limit on the highway, are they not honest?
Legitimately yes they are being dishonest. When you get a license you are telling the government you know the laws and will abide by them.

Whether a law that nearly 100% of the population ends up violating is a good law is a different discussion.