SEC statement on ICO/DAO etc
It is welcome news that the SEC in the US has declared an intention to impose regulation on Token crowd sales and variations thereof.
Although some may see it as heavy handed bureacracy, there is a clear and real reason to regulate this activity to safeguard consumers and it is potentially a turning point to sort out the ‘wheat from the chaff’.
Companies with a clear and transparent business plan and structure will now benefit because of this potential regulation. What is needed, however, are clear guidelines that are not so onerous that they will dampen the ability for start-ups to take advantage of technology that is so clearly an improvement on legacy systems.
In this regard we may need to wait and see what kind of regulation is forthcoming. In the current climate there is a need to encourage, rather than suppress, this new dawn in immutability and transparency.