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by john_moscow 3101 days ago
Oh boy. It would suck ass to see those guys busted by SEC for offering unregistered securities. The voting rights will definitely make it a security from SEC's standpoint, so the only question is whether they will be considered too small of a fish to bother.

The irony with the ICO market is that it's safe for total scams with untraceable founders and it's safe for big players like FileCoin that voluntarily comply with the securities laws. But if you're a well-meaning techie with no legal team, you may be easily breaking dozens of security-related regulations without even realizing it.

1 comments

The SEC has absolutely no say in this whatsoever, as the Red Foundation is being set up in France.