The U.S. Securities and Exchange Commission (SEC) recently dampened the market for initial coin offerings (ICOs). This action may have been an opening salvo in what appears to be a growing consensus o…
Securities Regulators Warn That Certain “ICOs” May Be Subject to Securities Laws
In Brief
- The SEC issued an investigative report warning that digital tokens may be considered securities subject to regulation under the federal securities laws.
- Securities regulators in several countries have also issued warnings about the application of their securities laws to ICOs and the intermediaries and cryptocurrency exchanges that support them.
- Participants in this burgeoning market should carefully analyze existing and contemplated ICOs under applicable securities laws.
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