Even though ICO's have lost the appeal lately.
I was just wandering about the legalities. The SEC website confuses me. In the eyes of the SEC are true utility tokens still classed as securities in the USA? Is this why many companies avoid the USA when it comes to ICO's?
If a company from outside the USA releases a token, do they have to comply with SEC regulations to enable usa investors?
I am not from the usa but live here now. Is it a resident or a citizen issue?
I was just wandering about the legalities. The SEC website confuses me. In the eyes of the SEC are true utility tokens still classed as securities in the USA? Is this why many companies avoid the USA when it comes to ICO's?
If a company from outside the USA releases a token, do they have to comply with SEC regulations to enable usa investors?
I am not from the usa but live here now. Is it a resident or a citizen issue?
Its a citizen thing, "illegal aliens" dont need to follow SEC rules i would imagine
The SEC just wanted to stomp on the uncontrolled fundraising that was running rampant these last few years, so many cash grabs that had no plan but get money
So its MEANT to be confusing really, to deter scammers and allow them time to properly regulate (which they now are with massive rollouts of KYC for US custys)
If a place avoided it they just never registered with the SEC, or they worded it right. some projects really are NOT securities as well of course