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The SEC found through an investigative report that tokens raised by The DAO are considered securities under U.S. law. However, according to Joshua Ashley Klayman in the Law360 article “SEC Warns Investors About ‘Coin Offering’ Fraudsters,” the report failed to set clear guidelines for future ICOs, as it only addressed the facts surrounding The DAO.

SEC Warns Investors About ‘Coin Offering’ Fraudsters

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The SEC found through an investigative report that tokens raised by The DAO are considered securities under U.S. law. However, according to Joshua Ashley Klayman in the Law360 article “SEC Warns Investors About ‘Coin Offering’ Fraudsters,” the report failed to set clear guidelines for future ICOs, as it only addressed the facts surrounding The DAO.Read the <a target="_blank" href="http:https://media2.mofo.com/v3/assets/blt5775cc69c999c255/blt8d50278f933e1210/62731ffb5f7b601eaaebd2dc/170829-sec-warns-investors-fraudsters.pdf">full article</a>.

SEC Warns Investors About ‘Coin Offering’ Fraudsters

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