John Gotts of Stokens.com and Michael Taggart of Bitshares offer a revealing, shocking, and downright scary analysis of the current climate of SEC regulation and the coming crackdown on ICOs (initial coin offerings). The Howie Test, created in the 1940s, shows that many ICOs and blockchain based companies may be headed for a problem with the SEC (securities and exchange commission) because their ICOs may be classified retroactively as a security offering, and therefore in violation of federal laws in the United States.
John & Michael have created a self-regulating body, called TXSRB.org (Token Exchange Self Regulating Body) that hopes to ‘fix’ broken or non compliant blockchain asset companies that may be headed for legal trouble.
This podcast is a MUST LISTEN not only for blockchain companies, but for any investor, miner, or hodler in the crypto space.
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