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Entries tagged “initial coin offering”

ICO Tokens & the SEC: You Can’t Even Give Them Away …. No, Seriously

insights ICO Tokens & the SEC: You Can’t Even Give Them Away …. No, Seriously Dror Futter · 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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