Quote from: iamnotback on February 26, 2017, 05:06:21 PM

Quote from: jacaf01 on February 23, 2017, 05:26:37 AM

Which crypto-tokens are ILLEGAL, unregistered "investment securities" as defined by USA securities regulation law?

I don't think I need to bother about your question once I'm not a US citizen.

Crypto is a new type of asset that is even given the regulators problem to regulate. If you read some of the terms and conditions of some of these ICO, they classified ICO token as a software of the company or a license to use the application in future

The buyer of the token is apparently not culpable. The SEC investment securities regulation seems to be most onerous for the developers and promoters of the ICO. I will explain this is more detail in my next post which is forthcoming.

It affects you as an investor only in that if for example the SEC decided to take action against ANY PROJECT which might cause all ICO projects' valuations to collapse on the markets.

In other words, all those who are currently invested in any project that had a history that could be suspect, might see their coins collapse in value if the SEC took any action against any project for the similar type of violation.

Note the SEC action against Ripple (which is covered in greater detail upthread) was related to Ripple being an exchanger, i.e. both selling and repurchasing its own tokens. So that is why it did not cause a selloff in projects which weren't acting as their own exchanger. But I posit that if the SEC attacked a coin for a violation of the Howey test of the investment securities law, we would see a collapse of the price of many ICO projects and other projects which had a centralized structure that violates the Howey test.

I will explain more in the next post.

Last time I checked the political map of the world it had more than 1 jurisdiction. If you think that the USA is able to export democracy on global scale then google for North Korea, China and Russia.