Here is a good, simple readhttps://www.bna.com/ico-participant-liability-n73014473267/ …
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No, the reporter is dumb. The SEC do not see ETH or Bitcoin as securities under their framework and which require registration. Bitcoin and ETH are BOTH securities, they are SEC excluded securities. Any use of ETH such as an ICO - that is a security that requires registration.
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Next, "Based on my understanding of the present state of ether" What a shame that so many of the regulators have been bamboozeled. The real issue is what happens when they find out the truth ;)
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And, the issue - is ETH under the SEC authority. No. ICOs are. Does this matter - NO. There are US Bluesky (state) laws. And, most importantly, money laws. The issue is NOT the SEC. It is all the rest. It was NEVER the SEC
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And, the SEC are pussies compared to some of the other departments that regulate money. The SEC and FINRA cover exchanges. This is not ETH, but the trade of ETH. This is regulated.
End of conversation
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