You can sell securities to anybody, including (presumably) children. You simply have to register them with the SEC and follow the disclosure rules all the other thousands of publicly traded companies have to follow.
Heck, after the JOBS Act, it got even easier to do this under Reg A+, which allows for a lightweight IPO for raises under 50MM --- which describes most ICOs.
What's happening in this thread is simply special pleading for a particular type of enterprise to be exempt from those rules.
Heck, after the JOBS Act, it got even easier to do this under Reg A+, which allows for a lightweight IPO for raises under 50MM --- which describes most ICOs.
What's happening in this thread is simply special pleading for a particular type of enterprise to be exempt from those rules.