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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How is something like that enforced particularly when the issuers of the ICO reside outside US regulatory control? What is to prevent a US citizen from sending BTC to an off shore exchange in order to buy any ICO token?
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It's not, and can't be enforced. Nothing prevents it.