The SEC has said that most ICO tokens are unregistered securities and also suggested that exchanges, such as Poloniex, that trade those tokens, are likely breaking the law against trading unregistered securities. I had assumed that some sort of crackdown was coming.
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But today Circle said it acquired Poloniex. I assume that Circle, which is one of the best connected companies in crypto, got some sort of informal nod from the regulators indicating that there was no impending crackdown on Poloniex.
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Any thoughts on why Poloniex would be safe, even though it trades lots of ICO tokens (read, unregistered securities)? Or am I assuming way too much?
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Replying to @nathanielpopper
Maybe Circle got SEC approval contingent on de-listing the ICO tokens? Self regulation would be a win for the SEC.
12:23 PM - 26 Feb 2018
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