The U.S. Securities and Exchange Commission (SEC) has announced that Initial Coin Offerings (ICOs) and token sales are subject to federal securities laws. The announcement follows a report based on an investigation into The DAO’s token sale in 2016, in which the Commission found DAO tokens to be securities.
Read ful article on: https://news.bitcoin.com/sec-declares-dao-tokens-securities-icos-federal-securities-laws/
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