U.S. SEC Crackdown on ICO's
Description
Welcome to The Blockchain Report. This podcast is sponsored by Sun Fund. Check out our white paper at www.SunFund.io.
In this episode: reportedly 80 subpoenas* were issued to ICO’s who issued “utility” tokens but did not register them as securities -- what's driving that?
Recently the Securities and Exchange Commission said most token offers should be considered “security tokens” as opposed to “utility tokens” -- what does that mean?
What if an issuer says they’re a utility token, but the SEC says the issuer is a security token?
How does FINCen’s guidance around Anti-Money Laundering and Know Your Customer (AML & KYC) affect issuers and even individual traders holding cryptocurrencies?
What does increasing regulatory pressure on cryptocurrency investment for the investor or issuer challenge the validity of blockchain?
Does it change the way people invest? Does it change the way ICO’s conduct an offer? If so, how?
What could cryptocurrency investors keep in mind about investments going forward?
What does scaleability mean to blockchain-based businesses and their use-cases? How can people think about use-cases?
And much more. Please subscribe to this podcast and share with your friends using the links generated within the platform.
Thanks for listening. We don’t know when the next episode is going up, probably within a few days at most.
Thanks very much from all of us at Sun Fund.
Correction:
We've seen sources that say dozens, or upwards of 80 subpoenas issued, and they may or may not be all related to ICO's in this reported wave of subpoenas issued by the SEC. We apologize for overstating the number of of subpoenas issued. Here is a relevant article: https://www.ccn.com/sec-subpoenas-80-cryptocurrency-firms-including-techcrunch-fund/