Wednesday, August 16, 2017 12:35:20 PM
Cryptocurrency Investment Series Part 4: ICOs, Securities, and Intrinsic value
The last year has seen the ICO become the preferred means of capital acquisition in the crypto industry, with more than one billion dollars of funding raised. While many praise ICOs for their easier access to capital, the SEC has a differing opinion to the many proponents who claim ICOs should be exempt from securities laws that require additional regulatory oversight. Generally ICOs do not issue rights to any equity or future earnings from a project or organization, which begs both a question about intrinsic value, and what mechanism beyond speculative trading could make ICO tokens fairly considered an “investment” or “asset” at all.
Read the full story - https://dcebrief.com/op-ed-cryptocurency-investment-series-part-4-icos-securities-and-intrinsic-value/
The last year has seen the ICO become the preferred means of capital acquisition in the crypto industry, with more than one billion dollars of funding raised. While many praise ICOs for their easier access to capital, the SEC has a differing opinion to the many proponents who claim ICOs should be exempt from securities laws that require additional regulatory oversight. Generally ICOs do not issue rights to any equity or future earnings from a project or organization, which begs both a question about intrinsic value, and what mechanism beyond speculative trading could make ICO tokens fairly considered an “investment” or “asset” at all.
Read the full story - https://dcebrief.com/op-ed-cryptocurency-investment-series-part-4-icos-securities-and-intrinsic-value/
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