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RE: SEC Sends Markets Deep In Red: "ICOs Are Securities, We Regulated You"

in #bitcoin7 years ago

Not sure how much that will change really. Remember the discussion about EOS not offering their coins to be bought in the US? Well, that's the reason. The SEC can only rule for US ground. Only because it got a bit more difficult to offer coins in the US does not mean there will be less fraudulent ICOs or it got any bit more safe to participate in an ICO. When the ICO issuing party is in Shanghai, what do they care about US regulation? They just write "US citizens please don't buy" and we have the same old...

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Yep, not only Shanghai, but also Zug (Switzerland), Singapore. There will be workarounds, for sure. But time to market will still be slower and a lot of money is still in US, so liquidity may be lower.