https[Suspicious link removed]mpting-tokens-securities-laws
Is this the start of establishing a legal class of Utility Tokens that will be protected from intensive regulation? How do you think this will impact the Ethereum Blockchain and future ICO, if the law is passed? Will you participate in ICO/TGE where speculation and future price or value is not allowed to be discussed in official channels, or will this seem to much of a red flag for you as a token owner/buyer?
This sounds like the beginning of a beneficial regulation, and though purists would say any regulation is detrimental for crypto, I believe otherwise... regulation means legitimizing this space in the minds of large investors.
The large number of scams and Ponzi schemes have caused many to lose money at times. If crypto always remained pure to the initial intentions I suppose regulation and laws would not be necessary. But where anything of monetary value trades hands it seems that someone may try to find ways to gain illicit advantage over another. For mass adoption to occur, it seems some form of government intervention will also occur. This article seems to indicate the government is ready to recognize that legitimate utility tokens are not the same thing as a currency and therefore should not be treated as currency. I think thats a good step in the right direction. But currencies are another matter and there is much yet to be decided as the first laws are enacted to define legislative intent.