I am a tax pro and I have written a number of articles about crypto and US tax laws. The SEC ruling On ICOs would trigger the exclusion around securities and other instruments for 1031 exchanges. Basically every transaction would trigger a capital gains tax event.
This sucks. I wouldn't say I'm surprised - it just sucks. Honestly I'm more upset that the ruling will now lock out anyone with a US IP from any ICO activity and push the entire blockchain technology sector out of the US.
The whole point of an ICO is to reduce costs of startup through crowdfunding. They need to expand the crowdfunding exemptions created from the 2012 JOBS act to include ICOs or th tech industry in America is toast.
You and I need to talk "offline" so to speak...
I do run a website called Metacoin, and we try to be like Coindesk, except we're one guy with no budget.
But I'd love to interview you there - you know, not to provide Legal advice, but...
@daveandewalle if you'd like, go ahead and shoot me a DM on steemit.chat (Rocketchat) or you can send me a friend request and a message on Discord at lpfaust#8848.