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 see it as they are trying to safeguard their citizens from scam ICOs. We all know what happened during the ICO era, the scam was too much and although SEC rules and regulations are strict they try as much as they can to ensure safety first. Owing to sec regulations most people from the US prefers going to other countries to host a crypto project, but in all reality I can say SEC really helped to reduce the number of fraudulent projects from taking place. Since ICOs are dead and gone no need to bother about them again.