July 26, 2017 BY LeapRate Staff

ICOs and Token Sales are securities, but SEC won't bring charges against DAO Tokens

The U.S. Securities and Exchange Commission today announced that it has issued an investigative report cautioning market participants that offers and sales of digital assets by "virtual" organizations are subject to the requirements of the federal securities laws. Such offers and sales, conducted by organizations using distributed ledger or blockchain technology, have been referred to, among other…

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