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

Fortune

07/26/2017

Alfredo B. D. Silva

Emerging Companies + Venture Capital and Blockchain + Smart Contracts

In The News

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.

Email Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

©1996-2019 Morrison & Foerster LLP. All rights reserved.