Judge Rules ICOs as Securities, So What Now for the ICO Market?

A federal judge ruled that U.S. securities laws cover initial coin offerings. Below, experts from blockchain legal advisory Ketsal Consulting, AngelList-backed crowdfunding platform Republic, and deep tech venture capital firm COSIMO Ventures comments on the ruling from their various perspectives.   Generally, the experts agree that the ruling does not affect the ICO market participants very much. At the end of the day, ICOs will be judged on a case-by-case basis, depending mostly on whether it passes the HOWIE test.     James Blakemore, Principal of Blakemore Fallon and Co-Founder of…

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EU Finance Ministers in no rush to further regulate Crypto Market

European Finance Ministers confirmed that they will not rush to further regulate the crypto market in the EU. Having met in Vienna on Saturday, EU Finance Ministers revealed they plan to wait for the outcome of a thorough analysis by European authorities before deciding on next steps, and believe crypto assets don’t currently threaten the financial system — a revelation that comes ten years after the collapse of Lehman Brothers on 15th September 2008 and the unfolding of the global financial crisis.     Addressing how the EU has previously…

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1 Year After SEC Issues ICO Warning: Former SEC Lawyer Says Compliance Will Soon Be Baked Into Business Models

  Today is the one-year anniversary of the SEC releasing a warning to consumers on investing in ICOs and revealing its investigation into the DAO – the first investigation into a blockchain organization of its kind. Zach Fallon, a former SEC lawyer, Principal at blockchain law firm Blakemore Fallon & Co-founder of Ketsal Consulting, reflects on how far the industry has come in the past year.     “There have been at least twenty instances of formal public commentary by the SEC, its Chairman, Commissioners, and staff on digital asset-related…

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