SEC Cracks Down On “Initial Coin Offerings”: Concludes Tokens Are Subject To Securities Laws

SEC Cracks Down On “Initial Coin Offerings”: Concludes Tokens Are Subject To Securities Laws:

In groundbreaking news for the blockchain community, moments ago the SEC issued a press release, which concluded that DAO Tokens, a Digital Asset, are securities for regulatory purposes, and cautioned that US Securities law “may” apply to offers, sales and trading of interested in virtual organization, targeting the increasingly more popular Initial Coin Offerings.

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