Even if there has not yet been a crystal clear ruling by the SEC, there are two main reasons why ICOs are going to be ruled as securities: Stupidity and lawyers. 1) Stupidity: People will literally do anything to make an extra buck… This includes investing in scammy ICOs that, on their face, offer… literally… zero chance of success. But the stupidity doesn’t end at investment… It continues when the “investors” are shocked (SHOCKED!) when their money evaporates after they invest with unscrupulous creeps. Then they complain… To the New…
Read MoreAre ICOs Securities? Yes. For Two Reasons.
