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RE: SEC Bulletin on The DAO and Crypto ICOs - Concludes Many are Securities, Subject to Federal Securities Laws

in #cryptocurrency7 years ago

IMO this means that any entity offering something deemed to be a "security" will now either need to refuse US investment or will have to comply with the 1933 Securities act & 1934 investment act This essentially means that they will need to only accept "qualified investors" and will need to structure the entity with the help of lawyers to provide mountains of paperwork to sign by the investor.

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