isn't this the same as gambling, i see no difference, is gambling prohibited on the USA? if no then it smell like hypocrisy, poeple will always gamble with their money, they can even meet with a stranger and gamble on anything they want
Gambling is prohibited in the USA, except for places like Las Vegas and individual casinos that have special permits, and a couple states in which citizens are allowed to gamble online.
is there any date or general time frame that was communicated by the SEC when there will be clear rules and regulations for US citizens?
I mean it can't be forever like it is now....I understand that the SEC wants to protect their citizens but they have more than enough staff to issue and declare new laws for it.
Without that people will simply find other ways to participate in ICOs.
I do not understand why the governments have so many difficulties to simply make new laws and rules.
I suspect they do not understand the market or simply do not work :-)
The current situation is not satisfying for the investors nor for honest companies that try to have an ICO. Furthermore, it makes the hype around cryptocurreny and the potential risks much bigger....
Governments make an unbelievable number of laws, the problem is that the laws are designed to enrich the wealthy and special interest groups.
I agree. That is what happened to China and that is why they implemented new rules and regulations to ban ICOs. We know that there are so much money lost with these scammy ICOs and their citizens does not have knowledge to asses these type of investments.
The question is why are there so many ppl who are so easily taken advantage of? It is the fault of the government for not educating them properly.