Poloniex is registered with USA FINCen nationally as an MSB in the state of Montana.
If they stay in compliance, and don't get in hot water with the SEC, they should be OK unless the legal landscape changes.
True. But I think the "ICO" is very clearly in violation of the law. This creates a liability when they are sued by investors who lose money as a result.
Once it happened to me that I was a large but not majority ~15% owner in a private company. The owners, me included, decided to sell shares in proportion to our holdings, to people who were interested. There are certain rules in the law how
the company may carry out new private issues but nothing regulating people selling their own shares. We made a prospectus-of-sorts just to give information to the prospective buyers. When the SEC-equivalent of Finland learned about it,
several months after the round was completed with no problems, they decided that the law is extended to cover the sale where the company did play no part, so that the prospectus was found faulty, and as a result the
company must offer 100% buyback to anyone who so wishes. As president of the company, it was quite a chore to manage the situation where the stock had lost about 20% of the value, giving the lower morality ones among our shareholders just enough incentive to force a buyback.
The case caused me to lose any respect towards the organization pulling such a trick. If they regard me as scum, so be it both ways.
There is no limit whatsoever these sad clowns will do if we let them. They can make any laws and when they are not convenient, change them, amend them, or just act irrespective of them. The less people resist this fuckery, the easier it is for them to continue. The first point of realization would be to realize that any use of force or threat thereof, towards your freedom, is a crime. On their part, not yours.
ADD: The money we were talking about, in total, was about $100k. The government agencies have the apparent luxury of utterly disregarding any sanity in what they pursue, with their only punishment coming in the next age when righteousness reigns.