Quote from: jackjeffreys on October 04, 2017, 01:54:01 PM

Quote from: jackjeffreys on October 04, 2017, 01:46:28 PM

Quote from: lawrencehart on October 02, 2017, 10:46:00 PM

Is this market regulated?

Yes the market is regulated

The laws on vary from state to state.

Some States are favorable others are not,

some are still deciding.

The link below is to an article that details the law of each state.

https://steemit.com/blockchain/@maxprophet/united-state-regulation-2017-bitcoin-and-blockchain-regulation

On the federal level,

A couple months back the Securities Exchange Commission (SEC),

warned a that some digital tokensor coins will be considered Securities

and therefore subject to the laws and regulations that govern.

To determine if a coin is a Security They applied the Howey test.

The Howey test basically states, If money is invested in a common enterprise

with the expectation of profit

gained by efforts of others, it is a Security.

Here is a link to; The Laws That Govern the Securities Industry

https://www.sec.gov/answers/about-lawsshtml.html

Here is a link to; INVESTOR BULLETIN: INITIAL COIN OFFERINGS

https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-initial-coin-offerings

@jackjeffreys- Thank you for the education here as I can see that your deeply concerned about the legalities regarding CryptoCurrencies, ICOs and regulators and all. That is fair enough. However since not one word in this comment mentions this project I would conclude that this comment falls outside the scope of this project and needs to be flagged as off-topic here in this [ANN]Thread and belongs somewhere else such as 'Marketplace'>'Securities' which you can locate on the 'Home' Page of BitcoinTalk.org because its relevance is General comparable to a passenger wearing a seat belt while riding in an automobile. Any thorough study or even highlighted reading of the whitepaper or SAFT clearly shows that when it comes to legalities the Officers of this project spent most likely over $100k USD and retained Cooley LLP to write up the SAFT and cover all legal basis. If your not familiar with Cooley LLP they are the Law Firm in the Silicon Valley that has represented Facebook, Twitter, Cisco, Tesla, Google, Uber and the Golden State Warriors. This leaves me to assume that this project has covered its basis legally. Thank you for your information above however lets try to keep on topic and relevant here. Thanks!

+1

bsean

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