Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SWARM] Swarm - Cryptoequity Crowdfunding - Official Thread
by
fractastical
on 24/06/2014, 20:35:42 UTC
When the JOBS act goes into effect in Q4 and includes to many stipulations or in event of unfavorable future regulation, a jurisdictional play can always be made which restricts offerings to U.S. residents. Is SEC omnipresent in the world or can other nations then adopt these types of business?

They can adopt them but the SEC has a long arm so you would probably need to make some effort to block folks located in the US from participating.

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Is this also one of the reasons why Swarmcorp has not been incorporated which gives you room to manoeuvre (DAC style) to other friendlier jurisdictions?


Yes. It's a bit like Xapo that has their corporate headquarters in Palo Alto but their legal entity in Hong Kong.