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US regulatory outlook. When an ICO is a security but not a security


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Representative Warren said the draft legislation seeks to create a token that can trade but will not be considered a security – an important qualification. Davidson noted that such a regulatory structure would not necessarily be regulated by the Securities and Exchange Commission (SEC) but it was not immediately clear which agency, or if another federal entity, will maintain oversight of non-security digital offerings.


Oh boy, I hope they are not creating another agency to just add to the confusions. 


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