Quote:
Originally Posted by housenuts
Except there will be a ton of decentralized exchanges that don't require anything
The roadmap for how the SEC attacks ICO launches is really simple. They dont need to attack "decentralized" exchanges.
They will go after the "businesses" and companies that launch them. Because you cannot offer a security to an american without a dealer/broker license. Once an european (or anyone for that matter) launches an ICO that is deemed to be a security
e.g. 0 product (every ico), promise of profit (every ico), token that does not interact with application (bcap, iconomi, melonport), raising capital (every ico)
the SEC will hammer them into the ground.
Once they are done attacking businesses, they will go after all the exchanges that allowed trading of these tokens. Because these tokens are ****ing securities and you cannot sell securities to anonymous people, certainly not anonymous americans.
Literally only 2 ICOs to me that look like non-securities are Golem and Augur.