In The News

The SEC’s Big Digital Coin Ruling: What It Means


26 Jul 2017

Partner Alfredo B.D. Silva believes the SEC’s decision on The DAO was not surprising, and that the agency must provide more clarity about how its findings will apply to other types of ICO tokens.

“What hasn’t been clarified is whether so-called ‘app tokens,’ or any other kinds of tokens, will not be considered securities,” he said in the Fortune article “The SEC’s Big Digital Coin Ruling: What It Means.” “Ideally, the SEC will follow up this important initial announcement with a no action letter or other guidance to help practitioners and the larger blockchain community understand where it sees the distinction.”

Read the full article.



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