Yesterday – Pat Daugherty @daughertylawyer from Foley and Lardner gave a guest lecture in our Blockchain, Cryptocurrency & Law at Illinois Tech – Chicago Kent Law. The lecture was entitled “When Howey Met Satoshi: Securities Law and Digital Assets.” Lots of key ideas and a very good capstone for us this semester.
ICO vs IPO … ICO’s are So Hot – “ICOs may seem to fall into a legal gray area, but she says the vast majority of tokens count as securities, and if they are sold to investors in the U.S., they fall under the jurisdiction of the Securities and Exchange Commission … The SEC has yet to wade in, but the hotter the ICO market, the greater the potential for abuse or investor losses that could spur the agency to act. Channing suspects the regulators are waiting for the right case.”