@cryptovestor can you go into more detail what labeling ICOs as securities would mean for the ability of american investors to get involved? I haven't connected those dots yet.
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@cryptovestor can you go into more detail what labeling ICOs as securities would mean for the ability of american investors to get involved? I haven't connected those dots yet.
It would basically kill most projects because the costs associated with registering a security, creating a prospectus and all the other associated work is fairly prohibitive, but some serious entrepreneurs may rise to the top. It's a question of whether or not they can adapt unique legislation for cryptocurrencies in particular, because if they are regulated as securities verbatim, it might be too prohibitive for innovation which I hope won't occur.