SEC Takes Activist Approach on Initial Coin Offerings and Cryptocurrencies


It further detailed the analysis that it intended to conduct under the seminal Howey test in considering whether a coin offering was a security. Under that test, the SEC viewed an ICO in which token purchasers make a contribution of value (which need not take the form of cash), with a reasonable …
SEC Takes Activist Approach on Initial Coin Offerings and Cryptocurrencies

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