The SEC has done a dirty trick to cryptocurrencies today by releasing a guidelines that almost classifies all ICOs as securities. The part that is most jarring is that it eliminated the possibility to use crowd-funding to fund new crypto projects in the future. It deems that the sale of any token that has the potential to gain substantial profit for the buyer as a security. This would cover almost all token sales and may even effect some of the tokens that are already out there. This is sure to stifle innovation and delay crypto adoption going forward in the USA.
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