SEC Chairman Jay Clayton: "I want to go back to separating ICOs and cryptocurrencies. ICOs that are securities offerings, we should regulate them like we regulate securities offerings. End of story."
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ok but what about ICOs that aren't securities offerings, and what about securities offerings outside of the US that are later acquired/traded by US residents?
The diff is as clear as night and day. Cryptocurrencies are defined by a shared protocol and nodes participating in the network that anyone can examine. ICOs represent a promise that they may do something...maybe