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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Congressional Hearings: Blockchain Leaders Share Commentary on Congressional Hearings on Digital Assets.

  As reported earlier today, two U.S. Congressional Hearings on Cryptocurrencies commenced yesterday to debate the future of digital assets and cryptocurrency.  The hearings were live-streamed and viewed by many blockchain and cryptocurrency experts globally.  Guy Hirsch, US Managing Director of eToro, he believes the hearings are a “great step in the right direction.”     A number of Industry leaders have shared their takeout from the hearings:-   Deepak Jain, CEO of Swych said “The banking system has taken a century to barely cover half the world while the…

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