Entries tagged “initial coin offering”
ICO Tokens & the SEC: You Can’t Even Give Them Away …. No, Seriously
insights August 21, 2018
The SEC has issued a Cease & Desist Order and sanctions against a token issuer and its founder. Among several findings, the SEC determined that the “Bounty Program” run by the issuer constituted a securities offering. The Order states “a ‘gift’ of a security is a ‘sale’ within the meaning of the Securities Act when the [issuer]…
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