ICO’s were the main topic of interest at the 2018 Crypto Invest Summit in Los Angeles.
One of the most popular talks at the conference was with a group of veteran lawyers that have switched focus from mainstream topics to various aspects of token sale compliance. In that talk, the group gave their opinions and advice on the most important parts of making sure your ICO is legal.
Here’s a taste of the report…
When asked why startups chose to hold ICOs, Carman Tate partner Marty Tate gave the crowd a simple answer: because many people consider a token sale “free money”.
However, Tate warned, the SEC has cracked down on ICO organizers in the last year, and they must now comply with strict regulations or face punishment.
Therefore, it is more important than ever for an ICO to comply with financial law, something every member of the panel discussion had an opinion about.