Digital Assets are not Securities- The Impact
After Jay Clayton amd William Hinman of the SEC applied the Howey Test to digital assets, it is likely they are not securities.
As a holder of digital assets, this ruling affects me, and brings answers to some of my long-standing questions.
The news may lead to more ICO participation for US citizens. Digital assets are currently securities when issued at ICO, but new rulings and finanical structuring may make ICO issuance legal and safe for US participation.
I am excited for the future ICO participation and Cryprocurrency Market ETF. The ruling ends speculation and helps us to develop a path forward. The two year SEC question has been answered.
What do you think? Will this impact ICO going forward?
Sources:
https://bitcoinist.com/best-we-have-experts-call-for-measured-reaction-to-new-sec-ethereum-comments/