There are singular moments where you know for a fact that the world will no longer be the same afterwards. While not on par with some far more consequential events in history, today’s SEC ruling, concluding that blockchain tokens sold through token sales are securities, is one of those for the history of the decentralized Internet.
Sauce: https://venturebeat.com/2017/07/25/sec-to-blockchain-community-you-are-now-regulated
Oh no. The death of dime-a-dozen shitcoins and ICO scams. What ever shall we do.
>>2890589
is SEC even a Digimarine? if not disregard anything they say, they have 0 credibility, Digimarines hold the world and the future of the world in their hands, SEC is just a minuscule player in the game
Nice. One step closer to dumping our coins on normies
>>2890589
This is good. There are too many junk coins being created just to do ico scams. By regulating them we will see more quality coins and less shit coins.
>>2890589
It's always been regulated, faggot.
>It will impact U.S.-based projects as well as foreign-based projects wishing to obtain investment or funding from U.S.-based investors.
So what's stopping 3rd worlders from creating and funding their own ICOs? Are we also going to see more and more exchanges which prohibit Amurrigans from trading just to stay out of our hyperbully jewdicial system?
What's this SEC coin you're talking about I don't see it on coinmarketcap
>>2890848
Most ICOs already do this. Crypto is worldwide they do not give a flying fuck about americans
>>2890589
Herp derp, ICO's already don't accept amerifats. You need a proxy to take part in them if you a burger
>>2890848
nothing. we will see more icos held by charities based in zug.
>>2890589
So much for the land of the free. Nobody cares about lardass burger brains anyway.
>>2890996
The risk of being fined by the SEC is not worth it. And another shitton of regulations by the SEC is a pain in the ass so they don't bothrr