The crypto discussion at the Senate subcommittee hearing yesterday is just another reminder of why DNotes' commitment to doing things the right way is going to be so important going forward. Lawmakers and regulators are focusing more attention than ever on this industry, and taking note of legally dubious companies and practices. Meanwhile, the DNotes team has been focused like a laser on complying with laws and regulations - and establishing a reputation of trust and legitimacy that few digital currency projects will be able to match.
This is the type of project that Scott Dueweke was talking about when he suggested that policymakers encourage "the growth of new virtual currencies that are committed to proper compliance with the law." When government eventually moves to rein in the industry's worst impulses, DNotes will be well-positioned to survive and thrive even as others fall by the wayside.
https://dcebrief.com/cybersecurity-expert-crypto-could-be-used-for-foreign-meddling-in-us-elections/Interestingly regulators worldwide have been slow to apprehend people who are raising capital without basic investor protections. Many capital raises in the space are done under the guise of being "forward-sold goods" or "utility tokens". Even if this were the true intention of the raising business, the economy doesn't focus like that whatsoever. The vast majority of projects build garbage-grade products that have near-zero utility or community support after completion, and 'utility token' buyers invariably treat their purchase as an 'investment' for gain rather than advance payment for goods and services. If this were not the case, we would rarely see any individual buyers acquiring more than $20-50 USD worth of tokens. Instead we see the average buy orders in the thousands of dollars for products with next to no viable use.
98%+ of ICO projects would never be able to successfully raise capital from sophisticated investors through traditional financial markets, since they don't have the trust, credibility, competency, nor experience to pass scrutiny by the SEC and savvy investors.
DNotes of course isn't concerned whatsoever about this, we are putting ourselves through the highest level of investor and regulatory scrutiny through Reg D & Reg A+ offerings because we are certain in the quality that we deliver.