SEC's Blockchain Stance Will Likely Impact Exchanges

Law360, New York (August 8, 2017, 2:10 PM EDT) -- The blockchain industry has another regulator to deal with, which could send shock waves through the industry. On July 25, 2017, the U.S. Securities and Exchange Commission issued a report explaining that the “coins” issued as part of a prominent initial coin offering (ICO) were securities. Though the SEC concluded that the issuance of the coins violated the U.S. securities laws, the SEC determined not to pursue an enforcement action in the matter. The SEC’s investigative report has put the blockchain industry and its participants on...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.