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Picture of Kyluke McDougall
kyluke

Spends most of his time creating havoc and designing practical jokes.

Enjoys long walks on the beach. Has a soft spot for puppies.

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SEC rule ICOs as securities

by Kyluke McDougall on 26 July 2017

The SEC released a statement yesterday, concluding that DAO (Distributed Autonomous Organisations) tokens would be seen and dealt with as securities and as such, would be subject to federal securities laws. Regardless of whether these tokens were purchased using the US Dollar or Ethereum.