In the Law360 article “Issuers On Notice After SEC ‘Coin Offering’ Report,” Morrison & Foerster partner Alfredo B.D. Silva expresses a lack of surprise in the newly minted SEC-outlined test for treating digital tokens in initial coin offerings as securities, but does caution that questions still remain about the treatment of appcoins.
“The question is, would those be considered securities? The SEC hasn’t really addressed that,” he said.
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