The chairman of the US Securities Exchange Commission has announced that most #ICO tokens are securities, while most #cryptocurrency tokens are not. Obviously, not everyone will agree with this decision, and it does make floating an ICO more burdensome, but this is still a hugely positive development. It provides welcome and long overdue regulatory clarity, and should go a good way towards removing a significant element of risk from many investment decisions. Let’s hope a framework for applying this guidance follows shortly.
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