With blockchain technology significantly changing the banking, payments and securities landscapes, initial coin offerings (ICOs) have become increasingly popular. An ICO is a way of raising money through the issuance of a virtual token, using the same blockchain technology that powers cryptocurrencies. This type of funding activity has become an attractive mechanism for startups, entrepreneurs, and other companies because of its radically simple funding techniques. However, in the summer of 2017, the U.S. Securities and Exchange Commission (SEC) issued an investigative report concluding that tokens issued by a virtual organization called the DAO constitute securities, and therefore are subject to securities laws and regulations. Since the release of the DAO report, SEC officials have publicly stated that issuers of digital tokens that have the hallmarks of a security, i.e., an investment, should either be registered or obtain a valid exemption. Moreover, from mid-2017 to mid-2018, the SEC has initiated 11 ICO related enforcement actions. Civil cases related to ICOs are expected to arise as SEC intensifies its ICO regulation.
In this LIVE Webcast, a team of thought leaders and professionals assembled by The Knowledge Group will present important issues surrounding SEC’s stricter enforcement against ICO violations. Speakers will also identify key risk areas and address common issues and threats to avoid legal challenges and other damages.
Key topics include:
- Initial Coin Offerings – What It Is and What You Need to Know
- Scope and Considerations
- Legal Issues and Limitations
- Identifying Risks Areas
- Significant Court Rulings
- Trends and Developments