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?
US are protecting their citizens from investing, i don't know what the main reason is but my friend said that it was because of the scam and the reason was they are not allowing the US citizen to contribute on any ICO even IEO i guess. SEC have a wide range of it handling every single ICO that collected a big amount of money. If the ICO or project failed to submit the worst is the project might stop and so to failed.