Today I want to talk about the press release regarding ICO sales published by the Securities and Exchange Commission yesterday.

It's important to note the fine print at the very end of the report: "This is neither legal interpretation nor a statement of SEC policy."

This entire report is a cautionary advisory and clearly states that some ICOs may be securities while some maybe exempt. The SEC report did not provide any examples as to which type of ICOs are exempt either. The purpose of the report was to caution investors of the potential risks involved in dealing with blockchain technology.

It's important for the community to continue to question the authorities jurisdiction over crypto and not to vote for politicians and representatives who do not support the free trade of blockchain technology.

What do you think? Will The SEC Stop Ethereum ICOs? Leave a comment below.

Related links:

SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities
U.S. Securities Laws May Apply to Offers, Sales, and Trading of Interests in Virtual Organizations
https://www.sec.gov/news/press-release/2017-131

Investor Bulletin: Initial Coin Offerings
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings

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*This is is not investment advice. Dealing with crypto involves a risk of loss. Please buy, trade, or invest, at your own risk.