The danger is definitely the ICO's for investing. The O part of ICO implies that you're selling something on the promise of having access to it when it is live/released. That smacks of a security in everything but name, and that's a big no-no. They're selling unregulated securities and raking in hundreds of millions through the process. I imagine the SEC doesn't take kindly to unregulated capital raising, and naming it something else I wouldn't expect to dissuade them. Bitcoin doesn't have this, because no-one controls the issuance of the tokens.
As a long-term bitcoin holder, I think I have a good handle on crypto. I'm actually quite surprised the the dinosaur hasn't started giving direction about how ICO's fall afoul of existing capital raising regulations. Maybe they think it's too small to care? Not sure. It's an issue though.
As a long-term bitcoin holder, I think I have a good handle on crypto. I'm actually quite surprised the the dinosaur hasn't started giving direction about how ICO's fall afoul of existing capital raising regulations. Maybe they think it's too small to care? Not sure. It's an issue though.